Case B illustrates the succession story from the perspective of the chief executive officer’s daughter. When most of the professional managers did not meet the chief executive officer’s requirements, he reached out to his children. His daughter joined Red Collar Group in 2005, and succeeded her father as president in 2009 after he had observed her good performance and strong capabilities. Although she has performed remarkably as a leader, she understood that the succession was still a work in progress and that various challenges needed to be overcome while implementing the strategy.
This case is a supplement to 9B17M003.
Red Collar Group: Succession and Strategic Transformation (B)
Jean Lee; Liman Zhao
Product #:9B17M004
Supplier:CEIBS-Ivey
Discipline:General Management, International Business
Setting:China, 2015
Subjects:
Industries:
Your Price:$4.62
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Learning Objectives
- understand the differences and conflicts that may occur between founder entrepreneurs and their successors;
- recommend action required to overcome conflicts to ensure a smooth transition for the succession process; and
- identify the traits and behaviours of an authentic leader.