The managing director, creator and promoter of Manjushree Technopak Limited, based in Bangalore, India, had taken advantage of various marketplace chances to create his third venture, which over 20 years had become the biggest producer of polyethylene terephthalate bottles and preforms in Southeast Asia. His brother and sons had also joined the firm, which was listed on the Bombay Stock Exchange, and were now co-directors under his direction.
Manjushree Technopak Limited Case Study Solution 1
By 2013, the company was able to expand and fulfil the growing demand for plastic containers in the food, beverage, health care and pharmaceutical industries' competition. It needed to convey all stakeholders a well-defined vision. Growth also meant the need for clarity in leadership functions plus a sound governance arrangement that was internal. The managing director had three options: 1) continue the status quo with himself as head of the business; 2) step aside and let his professionally qualified sons to step up to the business leadership; or, 3) hire an expert in the corporate world as a fresh chief executive officer.
PUBLICATION DATE: August 12, 2014 PRODUCT #: W14354-PDF-ENG
This is just an excerpt. This case is about STRATEGY & EXECUTION
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