Subject category:
Strategy and General Management
Published by:
International Institute for Management Development (IMD)
Version: 21.05.2014
Length: 6 pages
Data source: Field research
Abstract
One of Malaysia's oldest businesses and most recognizable brands, Royal Selangor has a history of family conflict and company break-ups. In the past few decades, it has overcome this legacy by establishing a set of family institutions. The quest for family harmony is also mirrored in Royal Selangor's growth strategy: The company has drawn on goodwill on the part of the Malaysia's monarchical rulers, and has consistently supported the country's push into international tourism, high-end manufacturing and luxury retail.
About
Abstract
One of Malaysia's oldest businesses and most recognizable brands, Royal Selangor has a history of family conflict and company break-ups. In the past few decades, it has overcome this legacy by establishing a set of family institutions. The quest for family harmony is also mirrored in Royal Selangor's growth strategy: The company has drawn on goodwill on the part of the Malaysia's monarchical rulers, and has consistently supported the country's push into international tourism, high-end manufacturing and luxury retail.