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This case discusses the leadership succession dilemma faced by Harsh Mariwala, CEO of Marico Limited, a fast-moving consumer goods company. Harsh wishes to relinquish the post of CEO and is in search of a capable successor. The company has complex business operations within India and abroad, which requires an effective leader with a strong understanding of business strategy. Harsh has limited successor options within his family. Outside the family, Harsh is unsure whether someone from outside Marico will be a more appropriate choice than an old-timer from within the company. The choice of the successor is critical as it will determine the future of the business and that of his family.
Learning Objectives
After reading and discussing the case, students should be able to appreciate the challenges and complexities inherent in managing a leadership transition within a multigenerational family business and develop a deeper understanding of the underlying dynamics in such scenarios. This case is suitable for courses on:
- Strategy,
- Family business management,
- Corporate governance,
- Transgenerational entrepreneurship,
- Managing conflicts, and
- Institution building
Pub Date:
Mar 31, 2023
Discipline:
Strategy
Subjects:
Age and Generational Issues, Entrepreneurship, Family Businesses, Leadership strategy Succession Planning
Source:
Indian School of Business
Product #:
ISB374-PDF-ENG
Industry:
Retail and consumer goods
Geography:
India
Length:
19 page(s)
₹399.00
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Mariwala's Family Entrepreneurship Challenges (B)This case discusses the dilemma faced by Harsh Mariwala, the business leader who relinquished the CEO position of Marico Limited, his family-owned fast-moving consumer goods company. Harsh had built the Marico business from scratch after a division in the senior generation of his business family. For over 30 years Marico had been an integral part of his identity and purpose of existence. Harsh is concerned about what to do after relinquishing his CEO position at Marico, which has so far defined his identity and purpose. At the same time, Harsh faces his family's pressure to ensure continued influence over Marico's business. Harsh is on a quest to carve for himself an identity that is distinct from Marico. He is facing the dilemma of how to detach from Marico and search for a larger meaning for his family business and himself. The is portrays a typical scenario of the letting-go challenge faced by family business leaders as they prepare to call it a day after a long spell of leading the business.
Learning Objectives
After reading and discussing the case, students should be able to appreciate the challenges and complexities inherent in managing a leadership transition within a multigenerational family business and develop a deeper understanding of the underlying dynamics in such scenarios. This case is suitable for courses on:
- Strategy,
- Family business management,
- Corporate governance,
- Transgenerational entrepreneurship,
- Managing conflicts, and
- Institution building
Navneet BhatnagarKavil RamachandranSougata RayMoksh GargPublished: Mar 31, 2023