Navigating challenges facing the next-generation sibling team at Lupin in the post-founder era / Navneet Bhatnagar.

Format:

Book

Author/Creator:

Bhatnagar, Navneet, author.

Series:

SAGE Business cases.

SAGE Business cases

Language:

English

Subjects (All):

Development leadership--India--Case studies.

Development leadership.

Family-owned business enterprises--India--Case studies.

Family-owned business enterprises.

Physical Description:

1 online resource : illustrations.

Place of Publication:

London : SAGE Publications: SAGE Business Cases Originals, 2024.

Summary:

Lupin Limited, an Indian pharmaceutical company founded in 1968 by a chemistry professor, Dr. Desh Bandhu Gupta (popularly known as "DBG"), has had a rich history of innovation and growth since its inception. Over the years, the pursuit of excellence catapulted Lupin into the status of a multinational company with a presence in more than 100 countries. DBG's daughter and son (the next-generation siblings) obtained professional degrees from abroad and joined Lupin, and their efforts helped to accelerate company growth, especially in the developed markets of the West. The company expanded both organically and through acquisitions. The next-generation sibling team had complementary capabilities, self-confidence, and a good understanding of the emerging pharmaceutical business. Through the efforts of the siblings, the Lupin portfolio continued to diversify as the company embraced biotechnology techniques and advanced drug delivery systems. Lupin and its next-generation sibling leadership experienced a major setback when DBG died in 2017. The company's global expansion was marked by both successes and challenges. Although Lupin consistently demonstrated its dedication to quality, regulatory scrutiny exposed serious quality-related issues. As a result of this turmoil, the Gupta family's net worth had been fluctuating. Other siblings were not involved in the business, and there was no inclusive mechanism of family governance. Hence the sibling leadership had multiple challenges in both the business and family domains. The way ahead was not very evident. Students and other case participants will be asked to evaluate how to devise an effective business and family governance mechanism to help Lupin deal with the multiple challenges it faces after the founder's demise. Students and other case participants will apply the principles of collective leadership to resolve the challenges of the next-generation sibling team.

Notes:

Description based on XML content.

ISBN:

1-0719-4036-8

9781071940365

OCLC:

1417357600