Case Study

Metallgesellschaft AG (A): Turning the crisis into a chance

14 pages
October 1999
Reference: IMD-3-0852

This series describes the turnaround of Metallgesellschaft AG, Germany’s 12th largest company. At the end of 1993, MG had sunk into a deep crisis and its future was seriously jeopardized. Against all predictions, the newly appointed CEO managed to turn the company around in record time. This feat was achieved not only through an aggressive streamlining and re-orientation plan but above all, by the use of a visioning process which involved MG employees of all levels and from all corners of the organization. By the end of 1996, largely due to the “MG 2010” Vision Concept, MG was again a successful company. Its vision concept had evolved into a set of action-oriented guiding principles which the CEO now wanted to implement into day-to-day practice through a number of ambitious projects.

Keywords
Turnaround, Vision, Visioning Process, Conglomerate
Settings
Global, Germany
1993/94
Type
Field Research
Copyright
© 1999
Available Languages
English
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