Ivey Publishing
Conflict Over Leadership and Succession in a Successful Family Business: The Lakkard Leather Company
Product Number:
9B11M043
Publication Date:
06/21/2011
Revised Date:
11/01/2011 (Data)
Length:
6 pages (5 pages of text)
Product Type:
Case (Gen Exp)
Source:
Ivey
The founder of the Lakkard Leather Company was proud of his business, and attributed much of its success to his own leadership style, which did not allow for anyone else’s participation in important decisions. When he was badly injured in a car accident, his son stepped in and kept the business going. Without any intention to take over, the son altered the leadership and operations of the company in the space of a few months, so that by the time the founder returned, the company had changed and his role was significantly reduced. The son, in the meantime, grew to like his interim position and believed he did a better job than his father. Both men became locked in a power struggle; yet the company faced several key decisions that had to be taken in terms of expansion, product offering, and sale opportunities.
Learning Objective:
This case can be taught in a class on family business or general entrepreneurship.
Issues:
Disciplines:
Entrepreneurship,  General Management/Strategy,  International
Industries:
Manufacturing
Setting:
Germany, Medium, 2008
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
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