Strategic management and the bankruptcy of gazelle companies: the case of cape Copenhagen

Ísold Hákonardóttir, Nanna Sif Jørgensen, Hinnerk Daniel Frech, Ronja Damkjær Petersen & Malte Tue Møller

Studenteropgave: Basisprojekt


This qualitative, deductive study investigates the phenomenon of successful, high-growth gazelle companies facing a bankruptcy. In this report, a single-case study of the four-time Gazelle Award winner, and Danish gaming company Cape Copenhagen has been conducted to research the paradoxical phenomenon of seemingly successful companies going bankrupt. Therefore, it examines factors leading to the bankruptcy of this formerly successful company.
An interdisciplinary theoretical framework drawing upon existing research from strategic management and organizational sociology has been created as the foundation of this report. Specifically, this interdisciplinary theoretical framework sheds light on internal dimensions of the organization, such as strategy, management, and the relation between management behavior and management strategy.
Deriving from this framework, we have formulated the hypothesis, that the company’s management strategy played a role in its bankruptcy. To test the aforementioned hypothesis, an expert interview with the last CEO of Cape Copenhagen has been conducted and subsequently analyzed using a qualitative, closed coding approach. Supplementary empirical data has been used to validate the analytical findings.
Within the analysis, this report derives Cape Copenhagen’s management strategy using insights and categories from the theoretical framework, namely the four color theory developed by Thakor (2011), and the organizational sociological theory of Zheng et al. (2010). In the end, the influence of the management strategy on the bankruptcy of the company is discussed to test the developed hypothesis.
The main argument presented in this report is, that one can observe a misalignment between Cape Copenhagen’s management actions, their management strategy and situation as a company. This misalignment led to unsolved problems and challenges, eventually influencing the bankruptcy. By conducting this single case study of Cape Copenhagen, this report adds case-specific knowledge to the field of successful, high growing companies and especially on the paradoxical situation of their bankruptcies

UddannelserBasis - Samfundsvidenskabelig Bacheloruddannelse, (Bachelor uddannelse) Bachelor
Antal sider53
VejledereSlobodan Kacanski