Product details

By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
You can change your cookie settings at any time but parts of our site will not function correctly without them.
Cartoon case
-
Reference no. IMD-7-2308
Published by: International Institute for Management Development (IMD)
Published in: 2022
Length: 18 pages
Data source: Field research

Abstract

Formatted like a comic-strip, this case showcases how Firmenich achieved resilience and strong sustainability commitments thanks to its family ownership. The case investigates how family ownership spanning across four generations and 125 years, has influenced the company's core values and brought a long-term perspective to its strategy, which allowed sustainability, diversity, and inclusion on the executives' agenda many decades before its peers. The case concludes by illustrating how these core foundational values allowed Firmenich to weather the COVID-19 storm by prompting the organization to react very rapidly, in a display of strong resilience. Firmenich is the winner of the 2019 IMD-Pictet Sustainability in Family Business Award.

Time period

The events covered by this case took place in 2020.

Geographical setting

Region:
World/global

Featured company

Firmenich
Employees:
10000+
Turnover:
CHF 4.3 billion
Industry:
Consumer goods; Cosmetics and perfumes; Consumer goods; Food and beverage

About

Abstract

Formatted like a comic-strip, this case showcases how Firmenich achieved resilience and strong sustainability commitments thanks to its family ownership. The case investigates how family ownership spanning across four generations and 125 years, has influenced the company's core values and brought a long-term perspective to its strategy, which allowed sustainability, diversity, and inclusion on the executives' agenda many decades before its peers. The case concludes by illustrating how these core foundational values allowed Firmenich to weather the COVID-19 storm by prompting the organization to react very rapidly, in a display of strong resilience. Firmenich is the winner of the 2019 IMD-Pictet Sustainability in Family Business Award.

Settings

Time period

The events covered by this case took place in 2020.

Geographical setting

Region:
World/global

Featured company

Firmenich
Employees:
10000+
Turnover:
CHF 4.3 billion
Industry:
Consumer goods; Cosmetics and perfumes; Consumer goods; Food and beverage

Related