The success of a business is overly dependent on the suitability of the management style employed in the organization. Deficiency of this essential business element will translate into financial strains and losses. It was the case for Airtex Aviation and the company needed to be salvaged through acquisition. Fortunately, it coincided that Ted Richards and Frank Edwards, graduates from Harvard School of Business who had commenced their career in prominent firms, were looking for a company to purchase. On purchasing the company, Ted and Frank considered the future of the company to be bleak given the deteriorating financial position Continue reading...