Publications

Web

Digital Operations - Course Catalog

improve workflows, enhance decision-making, redesign processes, and fundamentally restructure value chains. The course will expose students to how traditional firms are using digital technologies to transform their operations, and how... View Details

17 Apr 2020
News

Decreasing the Wealth Gap

need—took a moment to share his thoughts with NPR’s Morning Edition on how the ever-increasing wealth gap could be addressed as the world’s economies grapple with the social and economic effects of the Coronavirus pandemic. “There’s a wonderful opportunity here, if we... View Details

August 2013 (Revised November 2013)
Case

Gordon Brothers: Collateralizing Corporate Loans by Brands

By: Paul Healy and Maria Loumioti

The case explores the collateralization of intellectual property in a loan agreement between a highly leveraged apparel company and a large US bank. Leveraging intangibles in the credit market is a new practice that has significantly grown over the past few years.... View Details

Keywords: Intangible Assets; Accounting; Valuation; Finance; Restructuring; United States

August 1982 (Revised January 1988)
Case

Assuming Control at Altex Aviation (A)

Two young and inexperienced MBAs buy a virtually bankrupt company. They design a decentralized control system organized around profit centers. View Details

Keywords: Restructuring; Entrepreneurship; Management Systems; Air Transportation Industry

August 1993 (Revised January 1994)
Case

Prochnik: Privatization of a Polish Clothing Manufacturer

Prochnik was a large state-owned clothing manufacturer located in the textile-production-intensive region of Lodz, Poland. In the early months of economic reform, Prochnik was one of the first five state enterprises to be privatized through initial public offerings and... View Details

Keywords: Restructuring; Privatization; State Ownership; Apparel and Accessories Industry; Poland

April 2018 (Revised September 2023)
Case

Sabine Oil & Gas Corporation

By: Stuart C. Gilson, Kristin Mugford and Sarah L. Abbott

In 2016, a trial began to determine the future of Sabine Oil & Gas Corporation’s $3 billion chapter 11 reorganization plan. The plan called for first- and second-lien-secured creditors to receive new claims representing approximately 98% of the reorganized company’s... View Details

Keywords: Corporate Reorganization; Chapter 11; Oil ＆ Gas; Bankruptcy; Bankruptcy Reorganization; Insolvency and Bankruptcy; Energy; Restructuring; Valuation; United States

24 Dec 2013
First Look

First Look: December 24

incentives of collateralized loan obligations (CLOs). Purchase this case: http://hbr.org/product/note-on-the-leveraged-loan-market/an/214047-PDF-ENG Harvard Business School Case 214-035 Oaktree and the Restructuring of CIT Group (A) CIT's... View Details

Keywords: Carmen Nobel

May 1990 (Revised October 1993)
Case

Nova Chemical Corporation

A diversified chemical company must decide whether to sell its basic chemicals division and expand the specialty chemicals division. View Details

Keywords: Restructuring; Business Divisions; Decision Making; Chemical Industry

Portrait Project

Michael Worosz

to sit in these classrooms, listening to your perspectives and offering my own. Whether it was probing racial injustice in South Africa or restructuring Mexico's debt, I have come to see our worlds as inextricably linked that I might... View Details

01 Jun 2002
News

Steel Tax

more cheaply than the United States, Spar said, “The industry has been seeking and receiving protection for almost thirty years. Parts of the industry have already restructured and become quite competitive in certain niches.” However, she... View Details

August 2017
Case

Turkish Economy Bank and Fortis Bank: Managing a Complex Merger

By: Stuart C. Gilson, Esel Çekin and Sarah L. Abbott

Following the announcement of the merger of the Turkish Economic Bank (TEB) and Fortis Bank AS, Varol Civil, TEB's CEO, is faced with the task of executing the merger of these two entities. First, all parties must agree to the economic terms of this merger; a process... View Details

Keywords: M＆A; Turkey; Banking; Restructuring; Financial Institutions; Change Management; Mergers and Acquisitions; Banking Industry; Turkey

January 2001 (Revised May 2003)
Case

Novartis Pharma: The Business Unit Model

By: Srikant M. Datar, Carin-Isabel Knoop and Cate Reavis

In June 2000, Novartis reorganized its pharmaceutical business to form global business units in oncology, transplantation, ophthalmology, and mature products. The remaining primary care products continued to be managed within global functions (e.g., R&D and marketing).... View Details

Keywords: Restructuring; Recruitment; Product Marketing; Organizational Structure; Problems and Challenges; Health Industry; Pharmaceutical Industry

1996
Chapter

Managing the Hidden Cost of Distrust in Downsizing

By: D. Sull and N. Nohria

Keywords: Trust; Ethics; Restructuring; Cost Management