Subject category:
Strategy and General Management
Published by:
International Institute for Management Development (IMD)
Version: 20.03.2014
Length: 5 pages
Data source: Field research
Abstract
Korvac is a story of two generations of a family, each entrepreneurial in its own way and acting in a manner often associated with 'serial entrepreneurship.' Korvac's owners have emphasized investments as well as divestments, entering into and subsequently dissolving a number of strategic partnerships as a way of putting the company's resources to optimum use. The case shows that the family's series of business ventures has grown into a bona fide family business largely on the strength of family values and company values that have been passed down from the father's to the son's generation.
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Abstract
Korvac is a story of two generations of a family, each entrepreneurial in its own way and acting in a manner often associated with 'serial entrepreneurship.' Korvac's owners have emphasized investments as well as divestments, entering into and subsequently dissolving a number of strategic partnerships as a way of putting the company's resources to optimum use. The case shows that the family's series of business ventures has grown into a bona fide family business largely on the strength of family values and company values that have been passed down from the father's to the son's generation.