Cotte Yolan: Succession and Strategic Transformation

Siew Kim Jean Lee, Liman Zhao

科研成果: 其它稿件案例

摘要

This case demonstrates how, through trial and error, Qingdao Kutesmart Co., Ltd. ("Kutesmart," formerly known as Qingdao Red Collar Group Co., Ltd.) executed its strategy of "building a customer-to-manufactory (C2M) business ecosystem," following transformation from mass production to mass customization. In 2015, Kutesmart launched Magic Manufactory to explore consumer-oriented garment customization. However, when public response fell below expectations, the new brand closed its physical stores in the second half of 2016. Drawing on the lessons learned from the failure of Magic Manufactory, Kutesmart launched Cotte Yolan, a proprietary made-to-measure garment brand designed by founder Daili Zhang with an eye on handing over the reins to daughter Yunlan Zhang. To ensure a successful succession, Daili, who was about to retire, formulated Cotte Yolan's own governance framework and carried out a range of organizational changes. He believed that with this governance system, companies in other industries could also transform to customization and succeed in succession. Looking ahead, father and daughter had different views regarding the future position of Cotte Yolan: should it be a fashion brand, a made-to-measure garment supplier, or a project to promote the transformation and upgrade among traditional companies? In addition, would Cotte Yolan's governance framework prove crucial for implementing Yunlan's C2M strategy and leading the company into the future?
源语言英语
页数14
出版状态已出版 - 30 6月 2021

案例编号

OB-21-790

案例规范编号

OB-21-790-CE

案例类型

Field Case

更新日期

07/03/2023

附注

For more details, please visit www.chinacases.org

来源

China Europe International Business School

案例学科表

  • 综合管理
  • 组织行为
  • 战略

案例行业表

  • 制造
  • 零售

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