Teckwah Industrial Corporation Ltd.: The Internationalization of a Family Business
(9 pages of text)
In 2018, the chairman and managing director of Teckwah Industrial Corporation Ltd. (Teckwah), sat in his office, looking back on the company's journey. Starting in Singapore as a humble producer of plain packaging boxes, Teckwah had evolved to become a multinational company providing a full suite of supply chain management solutions for international clients. As the second-generation custodian, the chairman and managing director first joined in 1979 and had been steering the company through various stages of development, including diversifying its business offerings, undertaking an initial public offering, and eventually expanding overseas. However, Teckwah still faced growth challenges. The chairman and managing director was considering his retirement and the possibility of taking a lesser role in the company’s daily operations. With Teckwah's 50th anniversary near at hand, he pondered the dual challenges of business transformation and leadership succession.
This case can be used in graduate- and executive-level courses in family business management and internationalization. By working through the case and assignment questions, students will have the opportunity to do the following:
- Understand the advantages and disadvantages of a family business going international.
- Examine the factors influencing decisions on family business internationalization and diversification.
- Explore how to assemble teams while expanding overseas, and how to cope with localization challenges in emerging markets.
- Learn how to establish a professional-governance baseline in family firms.
- Plan for effective leadership succession and manage the transition in family firms.
Singapore; China, Medium, 2018
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