Kongo Gumi: The Oldest Continuously Operating Business

Name: Kongo Gumi: The Oldest Continuously Operating Business (English version)
SKU: IN-1940

Stabile, Mark; Bennedsen, Morten; Henry, Brian

Product #:IN-1940

Supplier:INSEAD

Discipline:General Management

Setting:Asia

Details:Case (PDF) • 9 pages • 2023-09-17

Subjects:

Family businesses Succession planning

Geography:

Asia

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$9.71

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Founded in 578 AD, Kongo Gumi was a family-owned business until 2006, when the firm went into liquidation to pay its creditors. While its demise is briefly covered, the case study is focused on its longevity. A renowned builder of traditional temples, in a country where these are major tourist attractions, Kongo Gumi has left an indelible mark on Japanese culture and history. Many of the temples built by its carpenters are listed and some are UNESCO World Heritage Sites.

Learning Objectives

The case covers a variety of topics and themes for instructors from a wide range of disciplines, particularly those with an interest in family business. Kongo Gumi can trace its ownership back 40 generations and the reasons for its longevity are covered in detail. It will also be of interest to professors of Japanese history and culture. The temples built by Kongo Gumi are national treasures, and the case highlights one of Japan's main assets: the contribution of longstanding family-owned businesses to the economy and social fabric.