Henry Tam & Mgi Team

In: Business and Management

Submitted By nishantminz93
Words 1340
Pages 6
Report on the case
“Henry Tam and the MGI team”
In partial fulfilment of WAC course

Submitted by: Nishant Prateek Minz

Executive Summary
Henry Tam, an MBA candidate at Harvard Business School, is facing the problem of bringing together his team on common grounds regarding MGI’s submission for the annual HBS business plan competition which could provide him with good credentials and the company with the jumpstart it needs. The members of the team had approached Henry with their business plan and wanted to enter into the contest which could provide them with venture capitalist funding and expert advice for its future. The assembled team has a lot of disagreements and no clear hierarchical structure which has often resulted in clashes between individual ideas and no definite plan for presentation. With the deadline looming near, Henry was faced with the challenge of putting together a coherent business plan in time. It is recommended that the team mutually appoint a neutral third person experienced in business plan development to take the final decision regarding the B-plan formulation.

Contents Executive Summary 2 Introduction 4 Situation Analysis 4 Problem Statement 4 Alternatives 4 Evaluation Criteria 4 Evaluation of alternatives 5 Recommendation 5 Action Plan 6

Introduction
MGI (Music Games International) is a small start-up company which was founded by Alexander (Sasha) Gimpelson, Igor Tkachenko and Roman Yakub in 2000. It was formed with an idea to produce original music and sound effects for Web sites. In 2001, the company released its first commercial product “Tchaikovsky‟s Nutcracker: The Music Game” for young children. The first attempt did not bring the desired result that they had hoped for. Igor and Roman, both of Ukrainian descent, were…...

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