Teaching note for product 9B20M062.

In early 2018, the chairman and chief executive officer of FOTILE, based in Ningbo, China, announced a change in the company’s mission statement from “Enable people to feel better about their homes” to “For the happiness of millions of families.” The previous year had seen impressive growth, with sales exceeding ￥10 billion. After only 22 years in operation, FOTILE had become a leading brand, comparable to such prestigious names as Siemens, in the .....more

Teaching note for product 9B17B016.

In December 2013, Reike Technology Co. Ltd. (Reike), a Chinese information technology and outsourcing company, faced an accounting revenue recognition problem. Reike had a well-deserved reputation in the software outsourcing industry, having built partnerships with Fortune 500 companies since the 1990s. However, in 2012, it collaborated on a project with a multinational software company that included a “pay-when-paid” clause in the contract. According .....more

In 2014, a Hong Kong-based chartered accountant inadvertently started a social enterprise called Ana by Karma. The initial intent of helping an illiterate Bhutanese woman soon evolved into a journey to empower women in Bhutan to use their creative talents to become financially independent. As a result of her own charming personality and communication skills, the chartered accountant mobilized a team of volunteers to promote scarves that were handwoven .....more

Teaching note for product 9B17M062.