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Maria Ahlström-Bondestam: Together everyone achieves more (Video case)
This case presents the unique approach to philanthropy of the Ahlström family. A group of 25 fifth-generation female Ahlström family members founded the Eva Ahlström foundation in 2010, in the name of the family matriarch Eva Ahlström (1848–1920), who was a big contributor to society in her time. This led to the establishment of the Ahlström Co…
Case Study
Family Business
Sustainability
Strategy
Diversity and Equity and Inclusion
Firmenich: Juggling the short and the long term (Cartoon case)
Formatted like a comic-strip, this case showcases how Firmenich achieved resilience and strong sustainability commitments thanks to its family ownership. The case investigates how family ownership spanning across four generations and 125 years, has influenced the company’s core values and brought a long-term perspective to its strategy, which al…
Firmenich: Juggling the short and the long term (Cartoon case)
Summary
Formatted like a comic-strip, this case showcases how Firmenich achieved resilience and strong sustainability commitments thanks to its family ownership. The case investigates how family ownership spanning across four generations and 125 years, has influenced the company’s core values and brought a long-term perspective to its strategy, which allowed sustainability, diversity, and inclusion on the executives’ agenda many decades before its peers.
The case concludes by illustrating how these core foundational values allowed Firmenich to weather the COVID-19 storm by prompting the organization to react very rapidly, in a display of strong resilience. Firmenich is the winner of the 2019 IMD-Pictet Sustainability in Family Business Award.
Reference
IMD-7-2308
Copyright
©2022
Copyright owner
IMD Copyright
Organization
Firmenich
Industry
Consumer Goods, Cosmetics and Perfumes;Consumer Goods, Food and Beverage
Language
English
Contact
Research Information & Knowledge Hub for additional information on IMD publications
Case Study
Sustainability
Family Business
Strategy
The VELUX Group: The path to lifetime carbon neutrality
The case explores how the family-owned VELUX Group – inventor and manufacturer of roof windows since 1941 – took incorporating sustainability in its business operations to heart, leading to its pledge to become lifetime carbon neutral by its centenary in 2041. In its early days and at the behest of its founder, the VELUX Group adopted its “Mod…
The VELUX Group: The path to lifetime carbon neutrality
Summary
The case explores how the family-owned VELUX Group – inventor and manufacturer of roof windows since 1941 – took incorporating sustainability in its business operations to heart, leading to its pledge to become lifetime carbon neutral by its centenary in 2041. In its early days and at the behest of its founder, the VELUX Group adopted its “Model Company Objective (MCO),” a charter for how the business should be run. The case illustrates how the MCO set the company on a course toward sustainable operations, allowing it to spearhead such efforts in an industry often reluctant to engage with the topic.
Reference
IMD-7-2367
Copyright
©2022
Copyright owner
IMD Copyright
Organization
VELUX
Industry
Manufacturing
Language
English
Contact
Research Information & Knowledge Hub for additional information on IMD publications
Case Study
Family Business
Corporate Governance
Sustainability
J.M. Huber Corporation: Leadership succession in the face of two economic crises
J.M. Huber, one of the largest and oldest family-held companies in the US, had strategically repositioned itself several times since it was founded in 1883 as a dry-color business. Visionary family leaders and a committed senior management team had transformed the group into an international player with operations in more than 20 countries and a…
Case Study
Family Business
Sustainability
Supply Chain
Strategy
Operations
Dachser (B): Putting intelligent logistics to the test
This brief B case dives into how the governance model withstood the COVID-19 crisis.
Case Study
Family Business
Sustainability
Supply Chain
Strategy
Operations
Dachser (A): Intelligent logistics
The case, based on extensive interviews with top executives and two generations of Dachser family owners, documents the genesis and spectacular growth of the global logistics specialist, a group that now has close to 400 locations on all five continents and employs 30,000+ people. Despite its global footprint, Dachser stayed loyal to both its co…
Selected for the 2023 Schlesinger Global Family Enterprise Case Competition
Case Study
Family Business
Diversity and Equity and Inclusion
Strategy
Sustainability
Value Creation
Brown-Forman: Nothing better in the market
London, UK, July 2020. G. Garvin Brown IV, the chairman of Brown-Forman Corporation and 5th generation family shareholder, was preparing to celebrate the firm’s 150th anniversary. Despite its current global footprint, a turnover in excess of $3.3 billion and over 4,800 employees worldwide, Brown-Forman had remained in Louisville, Kentucky, close…
2021 EFMD Case Writing Competition Award – Family Business
Case Study
Family Business
Strategy
Pentland brands: Succession dilemma (A)
LONDON, 2015. The Rubin family’s history, for the last 80 years, had been deeply intertwined with that of Pentland Group. Berko Rubin founded the company in 1932, his son Stephen took over after Berko’s death, and his son, Andy, served as the CEO of Pentland Brands, the brand division within the group. Once the main element of the group’s portfo…
Pentland brands: Succession dilemma (A)
Summary
LONDON, 2015. The Rubin family’s history, for the last 80 years, had been deeply intertwined with that of Pentland Group. Berko Rubin founded the company in 1932, his son Stephen took over after Berko’s death, and his son, Andy, served as the CEO of Pentland Brands, the brand division within the group. Once the main element of the group’s portfolio, the brand management division faced many challenges in this ever-changing VUCA world. After turning 50, Andy raised the subject of his own succession in a meeting with the family shareholders. The history had taught the Rubin family that succession could be a great turning point, bringing rejuvenation to the business. Now, how could the Rubin family make the most of the next CEO succession? What competency profile should the next CEO possess? Could these competencies be found within the family? Would the board decide on a family CEO from among the members of the next generation? Or a non-family member? If they chose a non-family CEO, should it be an insider – a person who had a track record with Pentland and who understood the “familiness” of the firm and the values of the family owners, or an outsider who would bring a fresh perspective to the business?
Reference
IMD-7-2052
Copyright
©2020
Copyright owner
IMD Copyright
Organization
Pentland Group
Industry
Consumer Goods, Sportswear;Consumer Goods, Apparel and Fashion
Language
English
Contact
Research Information & Knowledge Hub for additional information on IMD publications
Case Study
Strategy
Family Business
Sustainability
Villeroy & Boch: Tradition, innovation and 270 years of a Franco-German alliance
Villeroy & Boch is one of the oldest manufacturing companies in Europe, still controlled by the founding families, though with a public listing. Its specialty is ceramics, divided into bathroom fittings and tableware. At the time of writing the case study, demand was falling for traditional ceramic dining sets, but the business was continuing to…
Case Study
Strategy
Family Business
Lee Kum Kee’s five generations of growth (Abridged)
This Overview case summarizes the story and development of the LKK food and health products company, from its origins as a small provider of oyster sauce, to a thriving multinational firm in the early 21st Century. Since 1980 it had grown from a small specialist provider of oyster sauce with just 25 employees to a large multinational firm offeri…
Case Study
Strategy
Family Business
Lee Kum Kee Co. Ltd (D): Governance reforms start to show rewards as the fifth generation matures
Lee Kum Kee Co Ltd, producer of LKK oyster sauce and a range of food and health products, reached its 130th year in 2018. The fifth generation comprised cousins mostly in young adulthood who were beginning to assume leadership roles as owner-governers. Senior executives were non-family specialists. At the time of writing, the fourth generation w…
Case Study
Family Business
Strategy
Estafeta: From fragmented ownership to developing commitment as responsible owners facing challenges in an uncertain business environment in Mexico
Estafeta is a parcel delivery service provider in Mexico. Founded in 1979 by Gerd Grimm (an old wolf as he described himself) and his partners, the company has gone through unpredictable regulatory, legislative and fiscal environment in Mexico. As a German immigrant, Grimm combined the traditional long-held principles of the Mittelstand (German …
Case Study
Family Business
Strategy
De Agostini: Repurposing the business & the family
MILAN (ITALY), SEPTEMBER 2018. The Strategic Lab at De Agostini, part strategic think-tank and part assessment tool for the next-generation talent of the Drago-Boroli family, owners of De Agostini, was brainstorming the future direction of the diversified, family-owned group. After almost 100 years in the publishing and printing business, the th…
Case Study
Family Business
Sustainability
Strategy
GMA Garnet: Partnering for environmental mining
PERTH, AUSTRALIA, September 2016. Torsten Ketelsen’s history, for the last 30 years, had been deeply intertwined with that of garnet, the hardest industrial sand. He very much created a market for it, then brought GMA Garnet to a market leader position with a 40 per cent global market share. GMA Garnet’s success was based on the exceptional qual…
Case Study
Strategy
Family Business
Family leadership challenges: Disrupting the momentum at Samsung
Samsung is a Korean conglomerate (or chaebol) founded in 1938. Once a sole trading company, it has grown into a myriad of companies generating over $380 billion globally in industries as varied as construction, semiconductors, shipbuilding, banking and entertainment. Like most Korean conglomerates, an unusual feature of Samsung is that it has no…