Tom Nies, charismatic CEO of Cincom Systems, is considering an initial public offering his software company, but the stock market crash of 1987 is reviewing its plans. Nies reflects that capital for expansion Cincom is on the border of technological development to keep up in a changing industry. He also recognizes that an IPO could deliver his company’s efforts to maintain a high level of customer satisfaction and change to negate Cincom’s unique corporate culture.
Tom Nies, charismatic CEO of Cincom Systems, is considering an initial public offering his software company, but the stock market crash of 1987 is reviewing its plans. Nies reflects that capital for expansion Cincom is on the border of technological development to keep up in a changing industry. He also recognizes that an IPO could deliver his company’s efforts to maintain a high level of customer satisfaction and change to negate Cincom’s unique corporate culture.
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Tom Nicholas
David Chen
Source: Harvard Business School
17 pages.
Release Date: 4 February 2008. Prod #: 808084-PDF-ENG
Cincom Systems, Inc. HBR case solution
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