Entrepreneurship Management Case Study Essay
What were the most critical choices faced by James Mile early in the founding of Lynx? Do you agree with his decisions? 2. Has the founding team done a good job of structuring itself and building the Lynx organization? 3. If you are James Mile, are you going to fight back against changing your strategy, or are you going to agree to the change demanded by your board member? What factors motivated his demand? Should James have known this was coming? How could he have avoided the problem? 4. If you are James Mile at the end of the case, what is your biggest worry? What can you do to manage that issue?
The Tale of Lynx case The most critical choices faced by James Mile, early in founding of Lynx are as follows: Going to Business School or not? He always wanted to be an Entrepreneur He knew that a new business is a risk So he wanted to make sure that if business does not work, he should be able to be back to Business School Therefore he did first semester It was a good decision as he was trying to play safe and he knew what he was
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Idea of Real Estate failed and James Mile does not have great confidence on him Dough’s interaction with his own friends and family was good Nobody else could listen James’ Raw plan and show support at that time. Good Decision to Partner with Dough at that point of sensitive time. Partnering with Xavier Pascal? A tough Guy and people respect him Trust and compatibility between Pascal and Mile A software expert, considering that software was architect in a scalable manner thus enabling Lynx to change their strategies few times and was able to adapt to those strategies Looking for Business Opportunity A good decision By Mile
Equal Distribution of equity? Mile wanting all three to get equal equity Curtis not ready and creating platform to throw Pascal Out Mile mediating and creating a compromising platform Pascal give up to take 25%, others two to divide 75% equity Good decision involvement by Mile, not to let go Pascal out Doug Curtis paying himself more than what partners agreed to pay, what to do? Creates a fight between Curtis and Mile Mile feels bad about his decision of taking in Curtis, but do not want to blow up the company Decides to handle it privately between him and Curtis, and does not make a fuss out of it…