Is John Riady Set to Head his Family-Run Lippo Group?
| Case Code: BSTR668 Case Length: 15 Pages Period: - Pub Date: 2024 Teaching Note: Available |
Price: Rs.500 Organization : Lippo Group Industry : Conglomerate Countries : Indonesia Themes: Family Business, Strategic Leadership, Turnaround Strategy,Business Level Strategies |
Abstract Case Intro 1 Case Intro 2 Excerpts
Excerpts
The Journey of John Riady
Riady was born in New York and had a global education and experience. He graduated from Georgetown University in Political Philosophy and Economics, got an MBA from the Wharton School of Business, and was a Juris Doctor (JD) from Columbia University’s law school. Before joining his family’s business, he taught constitutional law at a university and also worked as a journalist..
The Looming Crisis at Lippo Karawaci
Lippo Karawaci (LK), the real estate and property subsidiary of LG founded in the 1980s, was the flagship company of LG. It was Indonesia’s largest listed property company. It was involved in building and operating key infrastructure such as hospitals, shopping malls, hotels, and residential townships in Indonesia and other parts of Asia. In addition..
John Riady Takes Charge of LK
One of the first things that Riady did to turn things around at LK was to raise funds so that there would be more financial resources to run the company..
Riady makes a Turnaround at LK AND Plans A New Future
Within a few months of his appointment, Riady claimed that the sales of units in MTP had picked up. He said, “We are on track: We are building 22,500 units [for Meikarta phase 1] and we’ve sold 63% to 65%..
What’s ahead for the riady family?
Industry observers stated that Mochtar had been contemplating the idea of succession for over 30 years. He, along with his sons, was quite clear that succession was not a given, and family members who craved a role at LG had to be able to demonstrate their capability..
Exhibits
Exhibit I: Lippo Group’s Organizational Structure
Exhibit II: The Riady Family Tree, as of 2019
Exhibit III: Indonesia’s Growing Middle Class
Exhibit IV: Information of Other Indonesian Business Families
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