Kongo Gumi: Lessons from the Legendary Family-Owned Business' Longevity and Ultimate Demise
ICMR HOME | Case Studies Collection
For delivery in electronic format: Rs. 300;
For delivery through courier (within India): Rs. 300 + Rs. 25 for Shipping & Handling Charges
» Business Strategy Case Studies
"If the family is in good shape, then the company picks up. If the company is in good shape, then the family picks up. So it's like two wheels going together."1
- Masakazu Kongo, the 40th Kongo to lead Kongo Gumi (578-2006).
"The average span under each leader was thirty-five years. Even when there were no qualified male heirs, the company's leadership was passed on to sons-in-law who willingly took on the family name. And the leaders were not always males - the thirty-eighth leader was a female family member. But family name was not enough to qualify for leadership. The company was faithful to find the most qualified family member."2
- Gerald R. Chester, president of Strategies@Work, LLC3, in 2007.
"The circumstances of Kongo Gumi's demise also offer some lessons. Despite its incredible history, it was a set of ordinary circumstances that brought Kongo Gumi down at last."4
- James Olan Hutcheson, founder and president of ReGENERATION Partners5, in 2007.
1] William T. O'Hara, Centuries of Success: Lessons from the World's Most Enduring Family Businesses, (Published by Adams Media, 2003)