Crown Worldwide Holdings Ltd.: Passing the Torch in a Family Business
REF ID :
UST/P8
Case Author :
Prof Roger KING and Vincent MAK
Publication Date :
31.08.2007
Abstract
James Thompson, Founder and Chairman of Crown Worldwide Holdings, in his mid-sixties, began to think of succession issues. Despite his achievements in life, it would inevitably come the day when he would no longer be there to oversee Crown’s operations and development. It was uncertain whether any of his children had the competence, stamina or interest to take over the diversified global conglomerate. Though still in good health and spirits, Thompson understood very well that he had to start his succession planning before it was too late.
Company/Organization | Crown Worldwide Group |
Industry | logistics, fine art collections transport, records management, relocations, wine cellars, world mobility |
Major Discipline | General Management |
Subject(s) | succession planning, Corporate governance, Family business, Global business, Inheritance, Leadership transition, Management style, James Thompson, Crown Worldwide Group, Transgeneration |
Geography | Hong Kong, Japan, Singapore, Indonesia, Malaysia |
Case Nature | Field |
Page count of the Case | 16 |
Supplementary Materials | Case (in Simplified Chinese version) |
Publisher | HKUST |
Last Revision Date | 31.08.2007 |