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JOURNAL OF LEADERSHIP, ACCOUNTABILITY AND ETHICS
On the Verge of Growth after 90 Years: The Hood Canal Company
Case Study and Teaching Note
Author(s): Catherine Pratt
Citation: Catherine Pratt, (2012) "On the Verge of Growth after 90 Years: The Hood Canal Company Case Study and Teaching Note," Journal of Leadership, Accountability and Ethics, Vol. 9, Iss. 4, pp. 58 - 62
Article Type: Research paper
Publisher: North American Business Press
Abstract:
The Hood Canal Company was incorporated in 1922 and has 42 Smithson family shareholders. Based on 4,000 acres in Washington State, the firm primarily harvests timber and oysters. After more than 90 years as a corporation, the firm is small with about 30 employees. The Smithson family business is in its fifth generation. With the timber rotation carefully managed and the oyster farming part of the business taking off, there is great potential. However, the board of directors is floundering, the top leadership duo is aging, there is no succession plan, and strategy is muddled.
