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Strategic Investments, Financial Governance and Resilience in Times of Crisis The Case of Cosumar in the Moroccan Sweet Industry

Author : Azzeddine Allioui 

Synopsis

In January 2024, Cosumar, Morocco’s largest sugar producer, stood at a critical juncture. Over the past three years, the company had endured the dual pressures of a severe drought and the global COVID-19 pandemic, events that disrupted supply chains, strained financial resources, and tested governance structures. Despite implementing strategic measures such as investments in sustainable agriculture, international expansion, and financial stabilization, these crises highlighted vulnerabilities that remain unresolved and continue to shape its trajectory. Cosumar is facing significant challenges, including supply chain strains, financial pressures, and increasing demands for sustainability. These issues complicate its efforts to balance short-term stability with long-term growth. Navigating this volatile period requires careful decision-making to maintain resilience and meet stakeholder expectations in an uncertain environment.

Key Concepts / Keywords

Strategic investments, Resilience, Crisis management, Financial governance, Leadership, Agricultural sector.

Learning Objectives

  • Learn to conduct a SWOT analysis and apply strategic frameworks to evaluate the campany’s adaptive strategies and their impact on financial performance. This includes analyzing how diversification into cargo services and digital transformation initiatives contributed to revenue stabilization.
  • Learn about crisis management frameworks and the importance of rapid response, effective communication, and operational adjustments. They will assess how these actions influenced the campany’s financial performance, including cost management, securing financial support, and maintaining liquidity.
  • Examine leadership styles, decision-making processes, and governance practices that contributed to the campany’s ability to navigate the crisis. They will analyze the financial outcomes of leadership 5 decisions, including stakeholder communication, financial prudence, and strategic pivots.

Target Learning Groups

The case can be administered to students of master’s degrees in financial management and corporate strategy as a synthesis of these courses.

Prerequisites

    • Have basic knowledge of financial analysis and diagnosis.

      ▪ Master the tools of strategic diagnosis (SWOT, PORTER).

      ▪ Have basic knowledge of corporate strategy.

      ▪ Mastering strategic management.

      ▪ Mastering corporate finance.

Case Caracteristics

  • Number of pages of the case : 7 pages
  • Number of pages of appendices: 4 pages
  • Number of pages of the teaching note : 21 pages
  • Other documents: N/A

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