From Coal To Biotech: The Transformation Of DSM With Business School Support
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This management book documents the remarkable transformation of DSM, first from a coal mining company to a commodity chemicals producer and then in the last two decades to the life sciences & materials sciences company it is today, with its strong focus on biotechnology. The book gives an inside view on the ‘strategic learning cycles’ that have driven this evolutionary transformation. It also discusses the company traits that have contributed to its ability to adapt, grow and prosper. Renowned business schools such as IMD and Babson have accompanied the second transformation of DSM through their executive education programs. The book documents this support and draws lessons for long-term collaboration between companies and the business school world.

File Size: 4516 KB

Print Length: 322 pages

Publisher: Springer; 2015 edition (April 15, 2015)

Publication Date: April 15, 2015

Sold by:  Digital Services LLC

Language: English

ASIN: B00W6O8USC

Text-to-Speech: Enabled

X-Ray: Not Enabled

Word Wise: Enabled

Lending: Not Enabled

Enhanced Typesetting: Not Enabled

Best Sellers Rank: #1,070,471 Paid in Kindle Store (See Top 100 Paid in Kindle Store) #123 in Books > Business & Money > Industries > Pharmaceutical & Biotechnology #557 in Kindle Store > Kindle eBooks > Business & Money > Management & Leadership > Management > Strategic Management #832 in Kindle Store > Kindle eBooks > Business & Money > Biography & History > Company Histories

The authors have accomplished something completely different. The book tells the story of DSM’s transformation, along with its business school partners, IMEDE and Babson (Olin) from a state owned mining company to a high value life science and material science company. The book is a wonderful combination of history, case study, culture, organization, structure, story telling and transformation. Unlike many academic works, it is written with a strong business/practical inside/outside view. Outsiders often do not appreciate the importance of context, history, culture and organization in making change happen. This book weaves all of this with financial results, data, board presentations, academic links and co-operation. I have known the company and one of the authors well for 20 years while he has been going through the transformation and have gone through two chemical transformations myself.The authors do a complete job in setting context, starting at the beginning of DSM (1902). They provide a short outline of the company’s history, breaking the 110 plus years into four phases, mining, base chemicals (first transformation), diversification and expansion then leaving the stage set for the next step, with many options including exit open. The final sentence of the introduction concludes, “none of the directors (of the Board) believes in hanging on.” More drama than one expects in an academic text.A parallel path is followed with IMEDE, a business school whose future would be linked to DSM, and one that also transforms itself during the period in question to IMD. Readers are shown some the methods used, partnerships, and details of building construction, location and class/training programs over the years with several Chemicals clients.

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