The case concerns the story of an Australian family transport company from its founding through its expansion and diversification in agriculture and tourism, a business and succession crisis almost 90 years later. Rita Buchanan, youngest daughter of Noel Buchanan, the third generation owner, her father gave an ultimatum on the transfer of business and operating costs. Noel response, provided that he sell the company remained the majority shareholder Rita would bring family and business linked p … Read more »

The case concerns the story of an Australian family transport company from its founding through its expansion and diversification in agriculture and tourism, a business and succession crisis almost 90 years later. Rita Buchanan, youngest daughter of Noel Buchanan, the third generation owner, her father gave an ultimatum on the transfer of business and operating costs. Noel response that he was selling the firm provided Rita majority shareholder, would bring networked family and business problems into focus: The owner’s failure to follow seven years earlier after an argument with his son, who then want to leave the company, the dissatisfaction of his three daughters, as this lack of succession planning affects their future, and the owner estrangement from his wife Cherie, the owner of the ongoing extramarital relationship; Cherie resentment strategic role of Rita in the company and the company’s falling profitability, especially after a cyclone [ Hurricane] destroyed his farm and left many truck idling. The case requires a decision as to whether the youngest daughter should take over her father’s offer, and what measures are necessary to protect the interests of other stakeholders and ensure the future of the company.
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from
Mary Barrett,
Ken Moore, AM
Source: North American Case Research Association (NACRA)
20 pages.
Release date: 01 Begin in May 2013. Prod #: NA0251-PDF-ENG
Succession in Buchanan transport HBR case solution