This Case is about ETHICS, GENDER, LEADERSHIP TRANSITIONS
PUBLICATION DATE: May 01, 2013 PRODUCT #: NA0251-HCB-ENG
Succession at Buchanan Transport case solution
This case scenario was the finalist for an eminent award NACRAâ€™s Curtis E. Tate Award for the greatest case printed in the Case Research Journal in 2013.The case connects the history of an Australian family transportation company from its basis, through its growth and diversification into agriculture and tourism, to a company and sequence disaster almost 90 years subsequently. Youngest daughter of Noel Buchanan, Rita Buchanan, the 3rd generation owner, gave her dad an ultimatum about the transfer of business possession. Noel’s answer, he would sell the company provided Rita stayed the majority stockholder, brings interlinked family and company issues into focus: the owner’s failure to plan for sequence following a dispute seven years before with his son, who subsequently left the company; the displeasure of his three daughters about how this dearth of sequence planning changes their futures; the owner’s estrangement from his own wife, Cherie, over the owner’s continuing extramarital relationship; Cherie’s animosity of Rita’s tactical part in the company; as well as the company’s dropping profitability, particularly after a cyclone [hurricane] ruined its farm and left many trucks stagnate. The case makes a choice about whether her dad’s offer should be accepted by the youngest daughter, and what activities are needed to protect the interests of the other stakeholders and confirm the future of the company.