...governance role and in meeting the challenges it faced; and why Harry “Paddy” McNeely III, was or was not, qualified to fill in his father’s footsteps as CEO of the newly-merged Meritex organization, based on strategic leadership roles. Meritex Enterprises Inc. was successful recognizing and satisfying stakeholders (2010) interests in the company by diversifying into three core businesses involving warehousing, third-party logistics, and facilities modernization. The mechanisms available to senior leadership were the diversification strategies to expand business. The newly elected CEO and Chairman, Paddy McNeely’s implementation of the related diversification strategy enabled him to restructure the company, by negotiating buyout of the management company, Space Center Enterprises. Space Center Enterprises was success in fulfilling its governance role by electing Harry “Paddy” McNeely III, to the most important position in the company, the Chief Executive Officer (CEO) and resolving stakeholder conflicts. Initially, Paddy wasn’t qualified to fill his father’s footsteps because he did not have the experience in strategically leading a company. However, through his perseverance and strategic leadership he became the successful Chief Executive Officer of Meritex Enterprises, Inc., and turned around the family business from a turmoil...
Words: 1485 - Pages: 6
...governance role and in meeting the challenges it faced; and why Harry “Paddy” McNeely III, was or was not, qualified to fill in his father’s footsteps as CEO of the newly-merged Meritex organization, based on strategic leadership roles. Meritex Enterprises Inc. was successful recognizing and satisfying stakeholders (2010) interests in the company by diversifying into three core businesses involving warehousing, third-party logistics, and facilities modernization. The mechanisms available to senior leadership were the diversification strategies to expand business. The newly elected CEO and Chairman, Paddy McNeely’s implementation of the related diversification strategy enabled him to restructure the company, by negotiating buyout of the management company, Space Center Enterprises. Space Center Enterprises was success in fulfilling its governance role by electing Harry “Paddy” McNeely III, to the most important position in the company, the Chief Executive Officer (CEO) and resolving stakeholder conflicts. Initially, Paddy wasn’t qualified to fill his father’s footsteps because he did not have the experience in strategically leading a company. However, through his perseverance and strategic leadership he became the successful Chief Executive Officer of Meritex Enterprises, Inc., and turned around the...
Words: 1484 - Pages: 6
...Family business models This page intentionally left blank Family business models Practical solutions for the family business Alberto Gimeno Associate Professor in Business Policy and Director of the Advanced Management Program (AMP), ESADE Business School, Spain Gemma Baulenas Family Business Knowledge S.L. Joan Coma-Cros Family Business Knowledge S.L. © Alberto Gimeno, Gemma Baulenas & Joan Coma-Cros 2010 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No portion of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6–10 Kirby Street, London EC1N 8TS. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The authors have asserted their rights to be identified as the authors of this work in accordance with the Copyright, Designs and Patents Act 1988. First published 2010 by PALGRAVE MACMILLAN Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan in the US is a division of St Martin’s Press LLC, 175 Fifth Avenue...
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