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    Case Study

    The Torvald Klaveness Group: From old traditions to future innovations

    By Colleen Lief
    19 pages
    June 2002
    Order this case study
    Reference: IMD-3-1123

    From its beginning in 1947, the Torvald Klaveness Group succeeded in the shipping business through innovation and the vision of one man, Torvald “TK” Klaveness. The company grew and prospered until 1989, when TK handed the reins over to the second generation. His eldest son remained true to his father’s principals and business philosophy. As yet another management transition drew closer, the next generation considered changes to the founder’s succession plan and the company’s strategic approach.

    Keywords
    Succession Planning, Strategic Planning, Shipping
    Settings
    1947 - 2002
    Type
    Field Research
    Copyright
    © 2002
    Available Languages
    English
    Related material
    Teaching note
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