El Nuevo Dia Case Analysis

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Nour Abdalla ENTR 430 09/6/2015 Case Analyses 1 El Nuevo Dia is a highly successful family corporation in Puerto Rico that makes newspapers that is read by everyone around Puerto Rico. Antonio Luis Ferre was the Chairman of this institution and had has been thinking about the future of the company and how he can make sure the family is trained and ready to take over the company and extend its popularity in Puerto Rico for many years ahead. Antonia wants to guide his younger family members who he thinks have what it takes to take control of the company and allow it to grow even more then were it is now. Furthermore, Antonio’s main problem is that he is noticing impatience with the process of his plan that will allow there to be discipline on what is needed to be done by the family so they can be ready to take over the presidency from him. They are trying to rush him, which Antonio feels that will make problems, and he wouldn’t want to leave the company to them unless he knows they are ready to take over. To keep a business strong for several years is a very difficult process to do. To be able to do that there has to be a lot of cooperation between family members, good relationships, and training that comes along with it. The person who started the business is who knows what’s best for business and he/she is the person who will know how to guide and advise the future president on what he/she will need to do to take over the company and keep its success constant in the next couple of years. Rushing the process may cause lack of dedication to the company and in this way it allows there to be a higher risk of the company losing its popularity in Puerto Rico. In my opinion I think Antonio should explain his family how important it is for them to be patient and focus on learning from him more then on trying to become president fast. In this case if they still
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