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Report on Exchanges - INSEAD CALT

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Benedicte too prefers the Goodbridge opti<strong>on</strong> and shares her arguments and acti<strong>on</strong> plan…De : Benedicte.Lefevre@electrabel.com [mailto:Benedicte.Lefevre@electrabel.com]Envoyé : mercredi 12 juin 2013 20:49Hello Team,Up to now I follow your choice and argumentati<strong>on</strong>.My recommendati<strong>on</strong> is indeed Goodbridge.From a financial point of view Bauer is certainly the easier choice covering 100% of our budgetrequirement. Nevertheless, with Bauer as sp<strong>on</strong>sor we take a reputati<strong>on</strong> risk, that can really have adamaging effect <strong>on</strong> our image and moreover in the future we could difficult find other sp<strong>on</strong>sor.The passi<strong>on</strong> of GoodBridge for the sport can provide opportunities for a sustaining relati<strong>on</strong>ship.I suggest to negotiate with them by introducing competiti<strong>on</strong> and to discuss what can be developed totheir customers (VIP packages+) if they invest more.In parallel we have to try to include other (smaller) sp<strong>on</strong>sor to make the bridge with the requiredbudget.(no exclusivity)We can invite potential new sp<strong>on</strong>sor(s) to the next race and provide them a very positive “sp<strong>on</strong>sorexperience” in order to incentive them.Finally, whatever the result of the taken acti<strong>on</strong>s before, c<strong>on</strong>sidering the current financial situati<strong>on</strong>we have to look at cost savings to c<strong>on</strong>solidate our positi<strong>on</strong> and to avoid an excessive dependence <strong>on</strong>sp<strong>on</strong>sor.Kind regards,Bénédicte LefèvreSales Manager Retail & SME… in line with Henrik, who perceives Sir Ralph as the better partner to deal with…De : Henrik Vittrup Pedersen [mailto:HVP@FLSMIDTH.COM]Envoyé : mercredi 12 juin 2013 21:43Hello Team this is a voice from Copenhagen,I also support the choice of Goodbridge.My reas<strong>on</strong>ing is based <strong>on</strong>: I believe it is simpler choice that is easier to explain, there seem some complex things going<strong>on</strong> with Bauer, a more risky choice I like the passi<strong>on</strong> part dem<strong>on</strong>strated by Goodbridge Goodbridge is more aligned with Eagle Racing, whereas Bauer seems a demanding fellow,with his own set of agendas Goodbridge is not demanding exclusivity, so Eagle should immediately seek more sp<strong>on</strong>soropportunities, in the end a better set of sp<strong>on</strong>sor may be chosen I recommend that Eagle stick to sound principles for selecti<strong>on</strong> of sp<strong>on</strong>sors, so they canc<strong>on</strong>centrate <strong>on</strong> creating results in what they are good at.Best regardsLooking forward to see u all.Henrik Vittrup PedersenAAA/<strong>INSEAD</strong>/062013 - 64

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