The Future of Bush Brothers & Company: Developing a Shared Vision for a Complex Family Enterprise

2016 ◽  
pp. 1-20
Author(s):  
Ivan Lansberg
Keyword(s):  
Vice President ◽  
Shared Vision ◽  
Growth Strategy ◽  
Fourth Generation ◽  
Board Chair ◽  
Family Enterprise ◽  
Select Group ◽  
The Family ◽  
The Future ◽  
Family Leadership

In early 2014, the family leadership of Bush Brothers & Company, a leading player in canned vegetables (its Bush's Best line dominated the canned-beans market), faced questions about the family's vision for the future in light of an imminent leadership transition: third-generation member, longtime board chair, and, until recently, CEO Jim Ethier planned to leave his role as early as 2015. The family was into its sixth generation, with nearly sixty family shareholders spread across four branches. On the business side, the first non-family CEO was overseeing development of a growth strategy, including ongoing ventures into competitive new markets such as Hispanic foods. Its fourth-generation leaders including Drew Everett (vice president of human resources and shareholder relations, and likely board chair successor), Sarah (chair of the family senate), and Tony (chair of the family's private trust company) faced questions about whom to involve in developing a future vision, how to formulate the vision effectively, and what vision would best serve business and family interests. These questions represented underlying strategic dilemmas, such as whether to have a select group of leaders craft the vision or to solicit input from a wider range of shareholders, and how much to allow the business vision to drive the ‘people’ vision all framed by recent unsuccessful attempts to develop a shared vision. Resolving these dilemmas successfully would help the family frame and advance its established traditions of leadership, governance, and culture within a truly shared vision that boosted unity and long-term commitment. Students working on the case will gain insights into the framework, process, and challenges associated with developing a shared vision for a complex, multigeneration family enterprise.

Piramal Diagnostics

2011 ◽  
Vol 15 (01) ◽  
pp. 97-121
Author(s):  
Neeraj Dwivedi ◽  
Arvinder Singh
Keyword(s):  
Strategic Planning ◽  
Structural Characteristics ◽  
Vice President ◽  
Medical Diagnostics ◽  
Growth Strategy ◽  
Decision Situation ◽  
The Past ◽  
Strategic Option ◽  
The Future ◽  
Future Growth

The case presents a decision situation facing the Vice President of strategic planning at Piramal Diagnostics Limited, who has to formulate the future growth strategy and decide on the roadmap. The company is the largest player in the organized medical diagnostics industry in India and has shown attractive growth in the past few years. The case describes the structural characteristics of the medical diagnostics industry in India and follows it with a description of the strengths and weaknesses of Piramal Diagnostics and the strategies adopted by it. The Vice President is expected to choose an appropriate strategic option to help the company achieve its ambitious growth target.

Family strains and secrets

Erard ◽  
2021 ◽  
pp. 112-120
Author(s):  
Robert Adelson
Keyword(s):  
Family Member ◽  
Active Role ◽  
Family Enterprise ◽  
The Family ◽  
The Future

During the years following the invention of the double-escapement action, Sébastien became too ill to manage the operations of the firm. With Sébastien indisposed, Jean-Baptiste took a more active role in the inventive work, and in particular with refinements to the double escapement action. Jean-Baptiste’s death in 1826, however, left Sébastien and Pierre deeply uneasy about the future of their family enterprise. Pierre understood that in order to ensure the perennity of the Erard firm he needed a successor, because the workers trained at the London branch would not necessarily be as motivated as would an Erard family member to invest their efforts and capital in the firm. Since Sébastien remained single, and Céleste childless and in any case living in Berlin, far from the family enterprise, Pierre would have certainly felt pressure to marry and found a family. However, Pierre’s homosexuality, kept secret from his family and only recently discovered, made marriage and the subsequent transmission of the family enterprise to a potential heir problematic. When Pierre returned to Paris after his father’s death, he came to the realisation that his father had been a poor manager who left the firm in a disastrous financial state. As a result, Sébastien threatened to close the Paris branch, but in the end maintained it while making drastic reductions in the workforce.

The entry of a second generation at SK Enterprises: challenges and future prospects

2020 ◽  
Vol 16 (3) ◽  
pp. 289-306
Author(s):  
Rajesh Panda ◽  
Pooja Gupta ◽  
Madhvi Sethi
Keyword(s):  
Family Business ◽  
First Generation ◽  
Growth Strategy ◽  
Primary Data ◽  
Content Type ◽  
Mba Program ◽  
Business System ◽  
The Family ◽  
The Future ◽  
New Generation

Theoretical basis The case discussion begins with an understanding of Davis’s three-circle model. It then leads toward the key resources and challenges, by system and development stage as given by Gersick et al. (1997). After understanding the family business system, the case delves into making the students understand the circumplex model of the marital and family system. This matrix talks about the flexibility in the business structure along with cohesion in the family unit. The case then gets into the discussion about succession and the new generation joining the family business and the conflicts that may arise due to the same. It might be imperative to bring out the different forms of conflict that may arise in the family and business system. Researchers have identified three forms of conflict – task, process and relationship (Mckee, Madden, Kellermans and Eddleston, 2014). As passing the baton would take place next for this business in the case, the current generation needs to look at the future growth strategy for the business. Here, the discussion refers to the exploitation and exploration matrix given by Bergfeld and Weber (2011). Research methodology This is a primary data case. The data has been collected from SK Enterprises. Interviews were conducted to arrive at the issues and challenges discussed in the case. Case overview/synopsis This case talks about the dilemma of a first-generation entrepreneur. Jatinder Agarwal was the owner of SK Enterprises, a light-engineering firm manufacturing bright bars, engine parts and ceiling fan shafts. He had set up the business in 1984. His brother, Ramesh was helping him in the business. The business had prospered and grown from a single product manufacturing workshop in 1984 to two factories manufacturing multiple light engineering products. In 2015, the business was doing well and both Jatinder and Ramesh were excited to involve their respective sons, Pranav and Sanidh in the business after completion of their education. The case is about the challenges faced by Jatinder and Ramesh with the entry of a new generation. Jatinder and Ramesh were working in the family business with an implied structure where the business was a sole proprietorship in the name of Jatinder but the decisions were taken by both the brothers collectively. With the entry of the new generation, Jatinder had to decide how to re-organize the business and avoid conflicts in the family. He also had to take a decision regarding the future course of strategy, which would help the business grow further. Complexity academic level This case is about the dilemmas faced by a first-generation entrepreneur. The case can be taught in an “entrepreneurship” course, in a post-graduate MBA program. This case can also be taught in a family business program as part of the course on “Understanding Family Business – Managing Paradoxes” or “Building Lasting Family Business – Synergy in Vision, Values and Strategy.” This case can also be taught as part of a “business strategy” or “human resource management” in MBA or executive MBA program in the first year.

scholarly journals “Can you tell me about the future?” A narrative of the goal-setting process in family business

2017 ◽  
Vol 1 (1) ◽  
pp. 184-200 ◽  
Author(s):  
Bice Della Piana ◽  
Alessandra Vecchi ◽  
Vittoria Marino ◽  
Mario D'Arco
Keyword(s):  
Goal Setting ◽  
Family Business ◽  
Narrative Analysis ◽  
Family Firms ◽  
Growth Strategy ◽  
Future Goals ◽  
Setting Process ◽  
The Family ◽  
The Future ◽  
Family Harmony

By relying on the taxonomy introduced by Kotlar and De Massis (2013), the present study proposes to investigate the dynamics and the set of goals perceived by the family members strategic for the future growth of their family business. Using an interview approach, the researchers recorded the professional stories of 15 family firm owners and managers. Through the interpretation of the narrative material emerged that the interviewees never mentioned the role that family-centred non-economic goals (i.e., ‘family harmony’, the ‘family social status’ and ‘the family identity’) plays in the performance of the family firms. Contrary, non-family non-economic goals, such as innovation and internationalisation, are considered two keys growth drivers. In particular, if both innovation and internationalisation have equal importance amongst the current goals, internationalisation assumes a greater importance in relation to the future goals of growth.   Keywords: Goal setting process; Family business; Growth Strategy; Narrative analysis

The Disruption Of Family In Manju Kapur’s Custody

Think India ◽  
2019 ◽  
Vol 22 (3) ◽  
pp. 880-885
Author(s):  
K.P. Bhavatharini ◽  
Ms Dr. Anita Albert
Keyword(s):  
Marital Relationship ◽  
Modern Life ◽  
The Real ◽  
Law System ◽  
Metropolitan Cities ◽  
Take Back ◽  
The Family ◽  
Female Protagonist ◽  
The Future ◽  
Key Aspects

Manju Kapur exposes the disparity and how modernity plays a major role in our society and also the hollowness modern life through her novel Custody. The present paper deals with the key aspects of custody, like extra marital affair, exploration of children and the law system of India. Manju Kapur has published five novels and all her novels dealt with postmodern era, which became sensational in the literary world. She talks about the life of people in Metropolitan cities and how it changes the attitude of theirs and makes them to be victims of modernity through her novel Custody. She manages to disclose the atmosphere which revolves around the family and how it destroys their peace. Here the author portrays how her female protagonist goes to an extent to fulfill her need even breaking her marital relationship with her husband and lack of concern with her children. She portrays the unimaginable incident of broken marriage and illustrates how it causes their children to yearning for their custody from their parents. The children are mentally affected because of the conflict between their egoistic parents to take back their custody only to win the battle not having the real concern over the future of their children. The author manages to create an excellent atmosphere that reveals the various disasters roaming around the family. The future of the children is also hazard. This novel proves that Manju Kapur is a great curator of the modern Indian family.

How the Interests of Children Limit the Religious Freedom of Parents

2017 ◽  
Author(s):  
Daniel M. Weinstock
Keyword(s):  
Religious Freedom ◽  
Family Context ◽  
The Family ◽  
The Future

This chapter argues that parents have a right to raise their children according to the tenets of the religions that they profess. That right can be seen as grounded in the interest that children have in enjoying the kind of intimacy within the family context that is facilitated by participation in practices and rituals rooted in comprehensive conceptions of the good. It also argues, however, that children have a right to be raised in a manner that does not foreclose their future autonomy. These two rights can be reconciled if we distinguish acceptable and unacceptably asymmetrical upbringings. Parents can incline their children toward certain values and practices in accordance with their comprehensive conceptions, on condition that they also provide children with the conditions that will allow them to make autonomous decisions in the future.

Nonmuscle-Invasive Bladder Cancer: What's Changing and What has Changed

2017 ◽  
Vol 84 (1) ◽  
pp. 1-8 ◽  
Author(s):  
Ramanitharan Manikandan ◽  
Oscar Rodriguez ◽  
Rubén Parada ◽  
Joan Palou Redorta
Keyword(s):  
Bladder Cancer ◽  
Best Practice ◽  
Disease Recurrence ◽  
Invasive Bladder Cancer ◽  
Current Status ◽  
Optimal Care ◽  
Medline Search ◽  
Select Group ◽  
The Future ◽  
Nonmuscle Invasive Bladder Cancer

Purpose Nonmuscle-invasive bladder cancer (NMIBC) is a challenging disease to manage primarily due to its varied clinical course. The management of NMIBC has witnessed a widespread change with respect to its diagnosis and treatment. Although transurethral resection (TUR) and adjuvant bacillus Calmette–Guerin (BCG) stills remain the cornerstone, newer protocols has come into vogue to achieve optimal care. On the basis of a literature review, we aimed to establish ‘what changes has already occurred and what is expected in the future’ in NMIBC. Methods A Medline search was performed to identify the published literature with respect to diagnosis, treatment and future perspectives on NMIBC. Particular emphasis was directed to determinants such as the quality of TUR and the newer modifications, Re-TUR, current status of newer macroscopic and microscopic imaging, role of urinary biomarkers, clinical, histologic and molecular predictors of high-risk disease, administration of intravesical agents, salvage therapy in BCG recurrence and the current best practice guidelines were analyzed. Results and Conclusions Optimal TUR, restaging in select group, incorporation of newer endoscopic imaging and judicious administration of intravesical chemo-immunotherapeutic agents can contribute to better patient care. Although there is a plethora of urinary markers, there is insufficient evidence for their use in isolation. The future probably lies in identification of genetic markers to determine disease recurrence, nonresponders to standard treatment and early institution of alternative/targeted therapy.

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