SUMMARY: Christian Lacroix, famed Parisian designer of haute couture, has seen change. Eleven chief executive officers could not manage Lacroix’s creativity to a profit. After 22 years in the fashion industry, Lacroix’s future is in doubt. His company, part of the Moet Hennessy Louis Vuitton S.A. conglomerate, filed for bankruptcy protection in May. Whether a buyer will emerge or not, one thing is certain – the “business as usual” mentality must go.
How well did LVMH (Moet Hennessy Louis Vuitton S.A.) handle the strategic management of Christian Lacroix?
Identify the grand or master strategy employed by Christian Lacroix. How might this be a problem in the fashion industry?
Assume the company will emerge from bankruptcy. What strategic changes would you make if you were running this company? Why?
Summarize the differences between men and women managers that are presented in this article. Which do you agree with? Disagree with?
Do you believe there is any advantage or disadvantage to a firm with more managers of one gender than another? Explain your thinking.
What are the implications for team building in a firm?
Do you think any gender differences between men and women managers would be of greater importance for a profit-oriented organization – in comparison to say, not-for-profit or governmental organizations? Explain your thinking.
Organizations can grow through mergers with and the acquisitions of other organizations. This strategy works best when there is synergy between the two. Explain why IBM would choose to grow by acquiring the operations of SPSS.
Given this acquisition, what are the implications for management of both firms over the next five years in terms of organization structure, HR, etc.?
What other strategic growth opportunities do you think would work well for IBM?
Identify one opportunity which would not work well. Explain your thinking.
Many executives and business owners are gradually realizing that employee wellness programs that help workers lose weight or quit smoking, for instance, also create robust return-on-investments. Two speakers at an upcoming conference being held in DeKalb, Ill., believe these programs are not only good for workers; they are good for business, too.
Source: Illinois State Council for the Society for Human Resource Management