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ISBInsight is the Flagship Research Periodical of the Indian School of Business

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Andrea Calabro

Professor Andrea Calabro is a Professor of Family Business and Entrepreneurship at IPAG Business School, France. 

Family Business Governance Rooted in Values: The Case of Merck, Darmstadt

Merck, the oldest pharmaceutical and chemical company in the world, was founded in 1668 in Darmstadt a small town in Germany. The Merck family, with 156 family shareholders continues to own 70 per cent of the company and determines its strategic direction. Merck was criticised for organisational complexity on account of its 70 divisions and for making large, capital intensive …

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