Key Players
This Carvajal CEO was the first non-family
Carvajal was founded in 1904 in this Colombian City
What is Cali, Colombia
The emergence of this was a possible threat to the paper-based products Carvajal provided
What is digital technology (ex. Google)
True / False family is highly valued in Latin American culture
What is true?
Carvajal was known throughout Columbia for their exemplary business practices, ethical standards, and commitment to their communities.
This former CEO was the last family-member CEO of Carvajal
Who is Alfredo Carvajal?
By 2011, Carvajal served this many countries
It took Carvajal this many years to appoint a new CEO until a new one was appointed in 2011
Digital technology and diminishing demand for paper based products threatened Carvajal’s longevity as a business
What is a Threat for Carvajal
This Carvajal was the chairman of the board in 2011
Who is Alberto Carvajal
The Great Depression led Carvajal to buy this type of printing press from Germany
What is an offset lithographic printing press
As Carvajal grew linearly, the amount of Carvajal family members who relied on Carvajal profits for everyday needs grew
What is exponentially
Carvajal's became known throughout Colombia for this three word motto:
What is "doing things well"
The Special Committee and yearly Family Assembly in which only blood-related family members can attend give off hints of nepotism can be discouraging to non-family member employees and hurt morale.
What is a Weakness of Carvajal
Carvajal was founded and started as the weekly printing and publication of a local newspaper by this member of the Carvajal family
Who is Manuel Carvajal Valencia
Name one of Carvajal’s seven subsidiaries:
What is Carvajal Information, Carvajal Education, Carvajal Technology and services, Carvajal Pulp & Paper, Carvajal Packaging, Carvajal Communications and Solutions, Carvajal Spaces (can name any one of these 7)
The lack of this type of motivation among Carvajal family board members influenced the slowness of company decision making
What is Intrinsic Motivation
Some of Carvajal's main values include:
what is unity and high educational achievement
Possibility of Carvajal going public and offering a large IPO would bring in new capital
This Carvajal was a member of the Carvajal family council
Who is Mary Alice Crump
This separate Carvajal entity was started to make sure all Carvajal family members had at least a minimum standard of living
What is Inversantamonica Investment Company
These two entities struggled with balance of power and communication.
CEO and family board members
This foundation was started by Carvajal in the 60s which donated 40% of the company's stock to philanthropic efforts
What is La Fundacion Carvajal
Many family members relied on the company dividends for basic living expenses, but as the family size grew, the dividends shrank. This could put significant stress on Carvajal and lead to internal tension if the family grows too large.
What is a Threat