Magid Glove Case
Project instructions:
Read the Magid Glove Case and answer the following questions
1. In regards to their role in the family business ? Magid Glove and Safety Manufacturing ? what are the strengths and weaknesses of the Cohen family?
2. What issues need to be discussed and resolved to ensure their continued success and survival as a family business?
3. How do you appraise the Family Council Meetings? Are they beneficial to the Cohen family and to Magid Glove? Why or why not? What is your advice for their future?
4. How should the next successor be chosen? What procedures should the Cohen?s put in place to ensure that future successions are timely, wise and successful?
5. How should the family decide upon the distribution of voting rights and ownership?