AIRTEX AVIATION CASE ANALYSIS Ted Richards and Frank Edwards, long-time college friends and Harvard Business School graduates, purchased Airtex Aviation on December 29, 1989. At the time of the purcha
AIRTEX AVIATION CASE ANALYSIS Ted Richards and Frank Edwards, long-time college friends and Harvard Business School graduates, purchased Airtex Aviation on December 29, 1989. At the time of the purcha
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AIRTEX AVIATION CASE ANALYSIS
Ted Richards and Frank Edwards, long-time college friends and Harvard Business School graduates, purchased Airtex Aviation on December 29, 1989. At the time of the purchase, Airtex Aviation, located in Center County, Texas, was finishing up a fiscal year in which they had losses of sales totaling 500,000 dollars and a negative net worth. So, it was obvious to Frank and Ted early on that they were going to have their work cut out for them in order to turn their “fixer-upper” into a successful, profitable business. Ted and Frank knew little about the aviation industry at all going into the purchase, so they were planning on relying completely on their management skills to achieve their goals. Problems
Airtex Aviation conducted activities through six informal departments at the time of purchase