Homework: Analysis of the Case Presented
Length: 8 pages.
Topic: Analysis of the case presented Type of paper: Case study Discipline: Business and Management.
Answer the following questions relating to the Steinberg case:
1. Why has Steinberg's been successful?
2. Why, out of all of the immigrants in Montreal, was Sam able to create this enterprise?
3. What does "success" mean to Sam Steinberg?
4. What role has the family played in the success of Steinberg's?
5. Are there any negatives to the family nature of the enterprise?
6. Many family businesses are unable to succeed in the transition to a new generation of ownership. Was the transition from Ida to Sam successful? What made it so?
7. What are the family's values, and how do they impact the business?
8. Now that Steinberg's is a public company, is it still a family business?
9. Why does the overlap between the business and family seem relatively minor and benign?
10. What should Sam have done to better prepare the company and the family for the challenges they now face?
11. What issues does the succession question raise?
12. Who should Sam select as a successor?
13. What do you think Sam's goals/criteria are in this process?
14. What should Sam's goals be?
15. Should the outside directors play a role in the selection? What should that role be?
16. If he picks Mel, how should he explain/rationalize this choice to the non-family executives?
17. What do you predict for the company in the next two decades?
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.