Subject category:
Strategy and General Management
Published by:
IBS Research Center
Length: 20 pages
Data source: Published sources
Topics:
Life science industry; Conglomerates; DuPont; Chad Holliday; Business strategy; Sustainable growth strategy; Reinvention strategy; Renewable energy; Bio-based products; Polymers; Joint ventures; Acquisitions and divestitures; Marketing and distribution strategies; Vertical and horizontal integration; Product diversification
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Abstract
DuPont, the leading US-based life science conglomerate (LSC) was founded in 1802. After nearly 100 years in the explosives business, the company realigned its focus on chemicals, banking on its polymer innovations. But with a decline in profitability in the chemical business, DuPont?s focus shifted to a sustainable growth strategy aimed at increasing the use of renewable energy and raw materials, and moving away from depletable resources like petrochemicals. Chad Holliday, who took over as Chief Executive Officer in 1998, gave equal emphasis to both chemical and life science businesses, unlike other players in the industry, Monsanto, Novartis etc. DuPont has emerged as a vertically integrated LSC after divesting its interests in energy, pharmaceuticals and textiles, and forming strategic alliances with Bunge Limited, and Tate and Lyle. Analysts were wondering how the new gamble would take off.
About
Abstract
DuPont, the leading US-based life science conglomerate (LSC) was founded in 1802. After nearly 100 years in the explosives business, the company realigned its focus on chemicals, banking on its polymer innovations. But with a decline in profitability in the chemical business, DuPont?s focus shifted to a sustainable growth strategy aimed at increasing the use of renewable energy and raw materials, and moving away from depletable resources like petrochemicals. Chad Holliday, who took over as Chief Executive Officer in 1998, gave equal emphasis to both chemical and life science businesses, unlike other players in the industry, Monsanto, Novartis etc. DuPont has emerged as a vertically integrated LSC after divesting its interests in energy, pharmaceuticals and textiles, and forming strategic alliances with Bunge Limited, and Tate and Lyle. Analysts were wondering how the new gamble would take off.