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In announcing his resignation, the CEO stated that he had tried to balance the strong values of the company with the need for change. But he appeared to have overestimated his ability to operate independently of the family shareholders. As one executive stated, "Tom Bata is a charismatic personality who exerts an awful lot of personal authority...
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As one executive stated, "Tom Bata is a charismatic personality who exerts an awful lot of personal authority."
The problem is that the shoe business is changing, and Bata is being affected like any other company. The key to Bata's success has traditionally been a low-cost manufacturing base tied to an extensive distribution network...
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