Kongo Gumi: Lessons from the Legendary Family-Owned Business' Longevity and Ultimate Demise

 
Strategic Management|Management Strategy |Business Strategy Case Study|Business Strategy Case Studies

ICMR HOME | Case Studies Collection

Case Details:

Case Code : BSTR316
Case Length : 13 Pages
Period : 578-2007
Pub Date : 2009
Teaching Note :Not Available
Organization : Kongo Gumi
Industry : Construction
Countries : Japan

To download Kongo Gumi: Lessons from the Legendary Family-Owned Business' Longevity and Ultimate Demise case study (Case Code: BSTR316) click on the button below, and select the case from the list of available cases:

Business Ethics Case Studies | Case Study in Management, Operations, Strategies, Business Ethics, Case Studies

OR


Buy With PayPal

Amount to be paid:



Prefer to pay in another currency ?
Select Currency for Payment



Exchange Rates: Click Here
Delivery Details: Click Here

Price:

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
Case Studies Collection
Business Strategy Short Case Studies
View Detailed Pricing Info
How To Order This Case
Business Case Studies
Area Specific Case Studies
Industry Wise Case Studies
Company Wise Case Studies

Custom Search


Please note:

This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.



Chat with us

Strategic Management Formulation, Implementation, & Control, 12e

Please leave your feedback

Leave Your Feedback

ICMR India ICMR India ICMR India ICMR India RSS Feed

<< Previous

"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.

Death at 1428 Years

In January 2006, the Osaka, Japan-based Kongo Gumi Co. (Kongo Gumi) was liquidated and it became a wholly-owned subsidiary of Takamatsu Construction Group Co Ltd.6 (Takamatsu).

With this ended the astounding 1,428-year run of Kongo Gumi as a family-owned business.

The business, spread across 39 generations, was believed to have been the world's oldest continuously operating family-owned business till then.

Business Strategy | Case Study in Management, Operations, Strategies, Business Strategy, Case Studies

Kongo Gumi: Lessons from the Legendary Family-Owned Business' Longevity and Ultimate Demise - Next Page>>


1] William T. O'Hara, Centuries of Success: Lessons from the World's Most Enduring Family Businesses, (Published by Adams Media, 2003)
2] Gerard R Chester, "Oldest Company in the World Collapses,"www.strategieswork.com, July 1, 2007.
3] Strategies@Work, LLC is a privately held management consulting firm.
4] James Olan Hutcheson, "The End of a 1,400-Year-Old Business,"www.businessweek.com, April 16, 2007.
5] ReGENERATION Partners is a consulting and advisory group serving the family-owned and family-managed enterprises.
6] Takamatsu Construction Group Co Ltd., based in Osaka, Japan, is a large company mainly involved in the construction business.


Custom Search





Economics for Managers Textbook
Textbooks Collection

Economics for Managers Workbook
ICMR books Collection

Case Studies in Business Strategy Volume VI

Case Studies in Business Strategy
e-Book on Business Strategy

Case Study Volumes Collection

Case Studies Links:- Case Studies, Short Case Studies, Simplified Case Studies.

Other Case Studies:- Multimedia Case Studies, Cases in Other Languages.

Business Reports Link:- Business Reports.

Books:- Textbooks, Work Books, Case Study Volumes.