Posts Tagged ‘Strategy Implementation’

• Market for Corporate Control  (Powerpoint Presentation) 
  Authored by Professor David F.  Larcker and BrianTayan, Researcher, GSB Corporate Governance Research Program/MBA ’03.

Overview: A well-functioning governance system consists of more than just the board of directors and the external auditor. It includes all disciplining mechanisms—legal, regulatory, and market driven—that influence management to act in the interest of shareholders.

Examples include:

-Labor market. Failure leads to CEO termination.

-Capital market. Failure leads to higher cost of capital.

-Regulatory environment. Violations lead to litigation.

Similarly, the “market for corporate control” puts pressure on the CEO to perform, or risk sale of company to new owners.

The entire series of presentations, to date, can be found here: http://www.gsb.stanford.edu/cgrp/research/powerpoint_presentations.html

Keller Williams Realty (B)
Case No: HR-29B
Publication Year:2011
Author(s): David F. Larcker; James N. Baron, Brian Tayan

This case is a follow up to Keller Williams (A) HR-29A, and explains the actions taken by Keller Williams in response to the residential real estate market downturn in 2008 and 2009. The case explains the programs and initiatives put in place by the company to boost agent count, increase productivity, and reduce expenses throughout the organization. It also explains how the company relied on these initiatives to not only survive the market downturn but to thrive, achieving success by leveraging the strengths of the company’s operating model, core principles, and values.

Thees cases are available for purchase on the Social Science Research Network and will soon be available at  Harvard Business Publishing.

The  entire collection of Stanford Corporate Governance teaching cases are found here.