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• Case | HBS Case Collection | 2013 (Revised from original 2011 version)

  Vehbi Koç and the Making of Turkey's Largest Business Group

  Asli M. Colpan and Geoffrey Jones

  The case describes the creation of Turkey's largest business group by Vehbi Koç. The foundation of this group in the interwar years, and its subsequent diversification into many industries, including automobiles, household goods, and services, is analysed. The case serves as a vehicle to explain why diversified business groups are so important in emerging markets such as Turkey. It explores the role of market imperfections, government policies and entrepreneurial ambition in their creation, as well as the organizational challenges posed by managing such diversified firms owned by a family. Much of the firm's growth came from licensing and joint venture agreements with multinational firms which were unable, or unwilling, to invest directly in Turkey because of political risk and government restrictions. The case ends in 1988, when the founder has received a report from the management consultancy Bain calling for the firm to reduce the range of activities it undertakes because of the competitive challenges resulting from the liberalization of the Turkish economy.

  Keywords: Emerging Markets; Entrepreneurship; Globalization; Organizational Structure; Diversification; Manufacturing Industry; Turkey;

  Citation:

  Colpan, Asli M., and Geoffrey Jones. "Vehbi Koç and the Making of Turkey's Largest Business Group." Harvard Business School Case 811-081, April 2013. (Revised from original June 2011 version.)

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• Case | HBS Case Collection | 2013

  Omidyar Network: Pioneering Impact Investment

  Michael Chu and Lauren Barley

  Omidyar Network, having deployed to date over $500 million in ways ranging from donations to commercial equity capital, must decide whether to back Anudip, an Indian organization dedicated to providing the rural unemployed and marginalized with livelihoods linked to the modern world. The immediate issue at hand is the tension between the high social impact of Anudip and its lackluster financial performance. Is this a suitable project for the Omidyar Network? Being able to deploy all the tools along the capital curve of impact investing, are there any that are appropriate for Anudip? If so, which are optimal for Anudip? Established by eBay founder Pierre Omidyar and his wife Pam, Omidyar Network (ON) is the successor to their first philanthropic organization, the Omidyar Family Foundation (OFF). The case recounts the transition from OFF to ON and the conceptual and organizational evolution from a traditional grant-making organization to a pioneer of impact investing: the application of investment practices in the delivery of high impact social interventions, with the intent of providing positive financial returns to the investors. The case is intended to: • Examine the key elements underpinning the concept of impact investing. Through a unique organization that mirrors the entire spectrum of the social impact capital markets, the case allows an analysis of the role of each piece of the capital curve in the furtherance of social objectives: when are donations appropriate versus capital seeking market risk-adjusted returns, and all the variations in between? • Provide an opportunity to analyze a potential investment from the perspective of an impact investment fund, dealing with such issues as the analysis of business and social models and the uncertainty inherent in future projections. In the process, gain insight into key considerations for both a social investor as well as a social entrepreneur. • Expose class participants to the practical deal structuring challenges involved in taking an actual social impact initiative in the field to an investible transaction by an impact investing fund.

  Citation:

  Chu, Michael, and Lauren Barley. "Omidyar Network: Pioneering Impact Investment." Harvard Business School Case 313-090, January 2013.

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• Teaching Note | HBS Case Collection | 2012 (Revised from original 2011 version)

  Vehbi Koç and the Making of Turkey's Largest Business Group (TN)

  Asli M. Colpan and Geoffrey Jones

  Teaching Note for 811081.

  Keywords: Business Ventures; Turkey;

  Citation:

  Colpan, Asli M., and Geoffrey Jones. "Vehbi Koç and the Making of Turkey's Largest Business Group (TN)." Harvard Business School Teaching Note 811-104, November 2012. (Revised from original June 2011 version.)

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