Think Global AS: In Search of the Triple Bottomline |
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» Business Ethics Case Studies Please note: This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source. |
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Excerpts Contd...Troubles BeginBy the end of 2008, as the global financial crisis deepened, the demand for cars fell. The market for EVs was also affected. Rising gasoline prices combined with the recession caused US sales of cars and light trucks to drop by 18% in 2008 from 2007 levels... Tragedy Averted, For NowBy the end of January 2009, Think was able to secure interim financing of US$ 5.7 million from investors as well as venture capital and investment firms from the US and the UK. The funding helped the company in restructuring, raising permanent equity capital, and resuming production of the Think City...
The Road AheadAnalysts opined that Canny had played an important role in restructuring the company as he had applied his hands-on automotive experience to restructuring and managing each functional area of the company... ExhibitsExhibit I: Greenhouse Gas (GHG) Impacts of Expanded Renewable
and Alternative Fuels Use |
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