Ivey Publishing
Lonrho PLC (A): An African Conglomerate
Product Number:
9B05M067
Publication Date:
02/06/2006
Revised Date:
10/03/2009
Length:
19 pages (12 pages of text)
Product Type:
Case (Field)
Source:
Ivey
In January 1997, Sir John Craven, a highly respected investment banker and chairman of the investment bank Deutsche Morgan Grenfell, was offered the chairmanship of Lonrho, a conglomerate with headquarters in London, England, and operations primarily in Africa. Lonrho's more significant interests were in hotels, mining, agribusiness and trading. The company was experiencing financial trouble, and was no longer respected by the financial community in London. Tiny Rowland, the tycoon entrepreneur who built the firm, had recently been fired. The firm lacked the leadership and direction it needed to remove itself from its current financial troubles and prosper in the future. Sir John needed to decide whether he should accept the offer of the chairman position, and if he did, what direction Lonrho should take. Supplements From Lonrho to Lonmin (B): Restructuring a Conglomerate, product 9B05M068 and Lonrho (C): Lonmin, product 9B05M069 look at the Sir John's decision and the company's focus.
Issues:
Disciplines:
General Management/Strategy,  International
Industries:
Administrative, Support, Waste Management and Remediation Services
Setting:
United Kingdom/Africa, Medium, 1997
Intended Audience:
Undergraduate/MBA
Price:
$4.25 CAD / $4.25 USD Printed Copy
$3.75 CAD / $3.75 USD Permissions
$3.75 CAD / $3.75 USD Digital Download
Associated Materials
Supplements: 9B05M068 (3 pages)
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