Case Study

The Torvald Klaveness Group: From old traditions to future innovations

19 pages
June 2002
Reference: IMD-3-1123

From its beginning in 1947, the Torvald Klaveness Group succeeded in the shipping business through innovation and the vision of one man, Torvald “TK” Klaveness. The company grew and prospered until 1989, when TK handed the reins over to the second generation. His eldest son remained true to his father’s principals and business philosophy. As yet another management transition drew closer, the next generation considered changes to the founder’s succession plan and the company’s strategic approach.

Keywords
Succession Planning, Strategic Planning, Shipping
Settings
1947 - 2002
Type
Field Research
Copyright
© 2002
Available Languages
English
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