Bennett Association (a)

Abstract

Michael Silva tries to save a group of companies owned by the Bennett family. The companies have been losing money for several years, and the banks have demanded that an outside CEO be appointed to turn them around. The A case describes the condition of the companies when Silva becomes CEO. It also reviews the history of the companies, one of which dates back 100 years, and describes the family members still associated with the companies. The case includes information about Silva and his unique management style, along with his views about the challenges of changing an established company with a well-developed culture. Follow-up cases are OB-0289, OB-0292, and OB-0297.

Keywords: change implementation, change, management of, family business, leadership, managerial style, organizational culture