IMD-3-1540 © 2005
Ward, John L.; Schwass, Joachim; Lief, Colleen
The company lines and business culture that had actually served this landed estate so well and for so long had actually been challenged by extreme modifications in the operating environment; market and ownership presumptions. To offer the estate lock; stock and barrel; investing the future counting newly-liquid wealth; was not a choice consistent with the household's heritage and approach.; to do absolutely nothing suggested the estate's near-certain death. Case B exposes the unanticipated and ingenious actions really carried out by this company and the outcomes that followed. The C case brings the story current with an evaluation of the Estate's tactical efforts and outcomes. 4) Hiring an outsider with fresh views and who shares the household's values might bring the skills of a modification representative to bear on the scenario.
The company lines and business culture that had actually served this landed estate so well and for so long had actually been challenged by extreme modifications in the operating environment; market and ownership presumptions. To offer the estate lock; stock and barrel; investing the future counting newly-liquid wealth; was not an alternative in agreement with the household's heritage and approach. The C case brings the story current with an evaluation of the Estate's tactical efforts and outcomes.
Subjects: Family business; Adaptation; Strategy; Corporate culture; Family values; Innovation
Settings: United Kingdom; Landed Estate; Private; 1299-2005