Succession Strategies in a Large Family Business Group: The Case of the Swedish Wallenberg Family

Tags:
Family,
Leadership,
Management,
Stockholm School Of Economic,
Strategy,
Succession
Source:
Stockholm School of Economics

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Overview: In this paper the long term viability of one of the most important Swedish family business groups, that of the Wallenberg family, is analyzed by focusing on one aspect of great importance in family strategic business behavior: the succession of leadership from one generation to another. This case clearly shows the importance of consolidated group norms and attitudes - a corporate culture - in explaining the outcomes of succession planning, and, given these norms and attitudes, how the recruitment of reliable outsiders exceptionally has been used to provide a bridge from one generation to the next.

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Format: PDF | Size: 70KB | Date: Aug 2002 | Pages: 27

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