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Dirección Estratégica

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    • Caso / Dirección Estratégica

    • Succession at Merck KGaA

    • Neumann, Frederic A.; Tàpies Lloret, Josep

    • IESE (España)

Sigla: DG-1504-E
Resumen:
The case focuses on the issue of succession in terms of family, management and governing bodies. It describes in some detail the period between 1963 and 2000, when Hans Joachim Langmann, the charismatic leader, was at the helm of Merck. It illustrates the consequent internationalization, the research focus on liquid crystals for LC displays instead of pharmaceuticals and the patriarchal leadership style of this time. Next, the five-year stint of Bernhard Scheuble, a glamorous family outsider chosen by Langmann, is discussed, a period that ended in 2005 with his dismissal and succession by Michael Römer, a 27-year Merck veteran formerly in charge of the Chemicals division, and liked by many family insiders because of his low profile leadership style. The case discusses the issue of shorter CEO life cycles in Merck's highest management as a means of examining the effectiveness of the prevailing management structure in selecting and appointing top leaders and their successors.

Palabras clave:  Top Management; Family-owned Business; Organizational Change
Áreas:  Corporate Governance; Strategy; Leadership and People Management
Departamento:  Dirección Estratégica
Año de los hechos: 2006 Área geográfica: Germany
Nº de páginas: 15 Fecha de publicación: 31/01/2007 Fecha de revisión: N/A Idioma: Inglés También disponible en:
Español
Material complementario:
Nota del instructor: DGT-52-E; DGT-52


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