The Vega Food Co. Case Study

557 words - 3 pages

The Vega Food Company
Case five gives us a prime example of a family business that was nearly broken due to poor communication between family members. The Valle family and their business, The Vega Food Company, recovered from the down times with strength and unity; however, it was not without the careful leadership of a few key family members. It is clear that without the intervention of Francisco Valle Jr., the company and family may have suffered a much different outcome.
Francisco Valle Jr. dedicated himself to fulfilling his father’s legacy. As the only son he slips smoothly in to his father’s footsteps by investing his time in his father’s company; while his other siblings had invested their lives in other areas. However, his sisters felt entitled to benefits from their father’s work. It is clear how they would get ...view middle of the document...

Francisco Valle Sr., although a good businessman, made many mistakes when dealing with family matters. He showed the characteristics of many self-made entrepreneurs, in that he resisted change in his business structure as the company grew. It is common for an entrepreneur to be weary of transparency when dealing with business matters. An entrepreneur, or founder of a business, has little time to implement accounting and financial systems that provide transparency to shareholders. Care must be taken in implementing new practices, as a company grows and family dynamics are introduced, so that all parties involved in the family business remain informed of financial information. Valle Sr. should have also made it clear to his children, from an early age, that they would have to invest time in the company in order to retain significant ownership; this was Valle Sr.’s opportunity to avoid future conflict, over ownership and compensation, between siblings. Valle Sr. did not invest time in guiding his children to be assets to the family business. This was a bad move for Valle Sr., if he had intentions to pass controlling ownership of the company to his children after his death or retirement.
Valle Jr. undoubtedly saved the company from this mistake by requesting the reorganization of the ownership structure, shortly before his father’s death. Francisco Sr. fulfilled his son’s request by dividing stock into voting stock and nonvoting stock. The desire to keep the family business whole was prominent in all of the siblings, with the exception of Mari. The joint efforts from Francisco Jr., Tere, and Isabel (as well as bringing in nonfamily experts to resolve conflict,) helped the Valle family to recover from their downtime. In the future the family should guide the next generation so that their goals may complement the culture of the business.

Other Papers Like The Vega Food Co. Case Study

Breeder's Own Pet Food Case Study

1037 words - 5 pages expanded to take some of the market share from the three primary categories. This is a prime opportunity to take a position as a premium brand. Not directly related to Breeder’s Own, but the organic dog food has grown by 64% as well. This isn’t directly in their market as their food isn’t organic, but it shows that the trend for moving towards dog owners looking for healthier foods for their dogs is increasing. Product Positioning: The case study

The Costco Case Study

1101 words - 5 pages Costco Case Study In a time of global financial turbulence and shifting demographics, Costco must find ways to draw and hold on to customers to maintain market share and prosperity. For over 27 years Costco has turn out to be the 4’th largest retailer in the United States and the 8’th largest on the planet. By 2009 it had 413 outlets in the USA, 77, in Canada is 21, the UK, Japan is 9 and Korea 7 Australia it has one and Taiwan has six (not

Examine the Case Study

1246 words - 5 pages Examine the Case Study: The Dulhasti Power Plan Begun in 1985, the Dulhasti Power project, set in the northern Indian provinces of Jammu and Kashmir, represents an example of a disaster in project cost estimation and delivery. As initially conceived, the project’s cost was estimated at 1.6 billion rupees (about $50 million). By the time the contract was let, the cost estimates had risen to 4.5 billion rupees and later successively to 8, 11

Charles Schwab & Co Case Study

338 words - 2 pages Charles Schwab & Co: What were the key factors underlying Schwab's competitive advantage until the mid-1990s? How have these factors reinforced each other? Competitive Advantage 1. Different Customer Group. In 1975, brokerage commissions were deregulated. Schwab took the advantage of the new opportunities and focused on providing informed investors with low-cost access to security transactions. This was a new approach compared to full

Case Study: “the Possibility” Restaurant

600 words - 3 pages 1 Case Study: “The Possibility” Restaurant Angela Fox and Zooey Caulfield were food and nutrition majors at State University, as well as close friends and roommates. Upon graduation Angela and Zooey decided to open a French restaurant in Draperton, the small town where the university was located. There were no other French restaurants in Draperton, and the possibility of doing something new and somewhat risky intrigued the two friends

Case Study: the Cannon Company

1743 words - 7 pages Case Study: The Dannon Company Student’s Name Institution Affiliation Case Study: The Cannon Company Introduction Dannon Company was among the US subsidiary of Danone, which was one of the largest health-focused companies in the whole world. Its global business centered on fresh dairy such as active yoghurt, medical nutrition, baby nutrition and the bottled water. In 2008, Dannon did manufactured and also marketed

The Benetton Group Case Study

3687 words - 15 pages The Benetton Group Case Study The Controversy Continues Problem Identification Benetton, the world famous clothing producer, once again dives into social issues that the United States may not be ready for. The Italy based group is well known for their shocking world issue advertisements that only bear the company logo. In fact, Benetton’s advertisements traditionally do not feature the clothes it sells; only the issues play the lead role

The Billy Beane Case Study

931 words - 4 pages The Billy Beane Case Study 1. Based on the “Billy Beane: Changing the Game” case, explain how and why the Oakland A’s economic situation after 1995 shaped its: a) Compensation strategies In the world of major league baseball, the Oakland A’s defied the laws of baseball economics. The team spent only $34 million (the 2nd lowest payroll) had won 102 games and lost only 60 in 2001. On top of this, they finished first in their division and

The Fashion Channel Case Study

931 words - 4 pages Case Study Analysis – The Fashion Channel | Group Number 10Somya Goyal DM16147Anmol Caul DM16109Ravi Agarwal DM16135Vidhit Bhatia DM16159Shorya Umang Jain DM16143Mitali Malpani DM16125 | Case Study Analysis – The Fashion Channel | Group Number 10Somya Goyal DM16147Anmol Caul

Case Study : the Chocolate Industry

714 words - 3 pages CASE STUDY THE CHOCOLATE INDUSTRY ISSUES: * CHILD LABOR, boys as young as nine years old are kidnapped, sold to farmers, forced to death to work and even get killed on the cocoa farms of the Ivory Coast and Ghana. (LEGAL, ETHICAL, PHILANTHROPHIC) * RARELY ENFORCED LAWS, shortage of enforcement officers and local officials accept BRIBES from the slave trading. (LEGAL, ECONOMIC, PHILANTHROPHIC, ETHICAL) * PROFIT PROTECTION

Study the Case of Wolfgang

2795 words - 12 pages Study the Case of Wolfgang's Balancing Act International HRM ‘Wolfgang’s Balancing Act’ Case Study   Task 1 Cultural contingencies that shape employee behavior in Healthcare As the world becomes more interdependent, the business and the process of doing business are exposed to many, continuously changing dimensions, structures and opposing forces. In a global environment, culture is a critical factor whereby the process of advancing

Related Essays

Case Study Of Pinnacle Machine Tool .Co

1769 words - 8 pages Case for critical analysis: Pinnacle Machine Tool Co. Introduction Pinnacle Machine Tool Co., it is a small, publicly held Indiana-based machine tool Company, it was founded in 1976. This company specializes in manufacturing all kind of machine centres. They too have excellent experiences in Technology, Quality and Service (Pinnacle Machine Tool Co. Ltd.). Problem Statement How is Pinnacle going to avoid its company to fall off the

Study Of Case Tiffany & Co. – 1993

1062 words - 5 pages The new agreement between Tiffany & Co. and Mitsukoshi brought, to Tiffany, a greater control over retail sales in its Japanese operations, as well as a greater exposure to the foreign currency fluctuations, which used to be borne by Mitsukoshi. Even though a continued strengthening of Yen has gone straight up against Dollar from 1983 to 1993, past history indicated that the yen/dollar exchange rate could be quite volatile on a year-to-year, or

Case Study For Whole Food

2498 words - 10 pages Case Study for Whole Foods 2014 Whole Foods is an organic food supermarket, looking to change the way that the world eats food. Their CEO and Founder, John Mackey is leading the company to achieve higher sales and market share while face stiff competition from other companies such as Trader Joes, Sprouts Farmers Market and the Fresh Market just to name a few. While organic food seems to be the new fade in the grocery stores, other non-direct

The Dim Lighting Co. Case Analysis

1933 words - 8 pages or agency to provide suitable candidate profiles for the vacant position. The responsibility of the HR manager lies in providing the requirements expected out of the recruitment and selection process. A SWOT Analysis of Comcast (2012, May 31) Retrieved October 06, 2014, from