Merck, Darmstadt: Sustaining Legacy Beyond 350 Years

Bhatnagar, N and Ramachandran, K and Calabro, A and Ray, S (2018) Merck, Darmstadt: Sustaining Legacy Beyond 350 Years. [Teaching Resource]

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Abstract

This case is about the business, governance and leadership transformation of Merck - a 13th generation, family-owned, German multinational group operating in the pharmaceuticals, performance materials and life science industries. Established in 1668 as a pharmacy in Darmstadt, Germany, Merck ventured into the manufacturing of pharmaceuticals and specialty chemicals in 1827. Successfully overcoming several business and family challenges, it continued to grow. By 2017, Merck had a legacy of nearly 350 years of successful business operations, a presence in 66 countries and about 52,000 employees on its rolls. In 2017, Merck was led by Dr. Frank Stangenberg-Haverkamp (69), an 11th generation member who was the Chairman of the executive board and the family board of E. Merck KG (the group's holding company). With his 70th birthday approaching, Frank wanted to identify an able successor who could help him build the group for the next 100 years and take the Merck legacy forward.

Affiliation: Indian School of Business
ISB Creators:
ISB CreatorsORCiD
Ramachandran, Khttp://orcid.org/0000-0002-5044-3673
Item Type: Teaching Resource
Uncontrolled Keywords: Corporate governance, Leadership, Strategy, Sustaining legacy
Subjects: Corporate Governance
Entrepreneurship
Depositing User: Ilayaraja M
Date Deposited: 29 Jun 2019 18:01
Last Modified: 29 Jun 2019 19:21
URI: http://eprints.exchange.isb.edu/id/eprint/1183
Publisher URL: https://hbr.org/product/merck-darmstadt-sustaining...
Publisher OA policy: https://hbr.org/product/merck-darmstadt-sustaining...
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