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The Wallenberg family of Sweden: Sustainable business development since 1856

Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSNChapter

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Publication date26/03/2021
Host publicationPioneering Family Firms’ Sustainable Development Strategies
EditorsPramodita Sharma, Sanjay Sharma
Place of PublicationCheltenham
PublisherEdward Elgar Publishing Ltd.
Pages335-344
Number of pages10
ISBN (electronic)9781789904420
ISBN (print)9781789904413, 9781035306763
<mark>Original language</mark>English

Publication series

NameNew Horizons in Sustainability and Business
PublisherEdward Elgar

Abstract

This case is built around a conversation with three members of the Swedish Wallenberg family - a key player in Swedish and European business life for many years. Through five generations, the Wallenberg family have worked to build and maintain long-term business sustainability and innovation through financial vigilance, patience and purposeful business development. This case illustrates how these long-standing family values and traditions have been used as a platform to support enterprise and build sustainable growth and global expansion for companies of Swedish origin. Moreover, this long-term perspective to sustainable business activity has been driven through a family tradition of working for the advancement of Sweden and the progression of Swedish society through a vision of long-term responsible and sustainable ownership. The case gives concrete examples of how the Wallenberg family has achieved this through their family foundations support to various research and cultural initiatives.

Bibliographic note

Publisher Copyright: © Pramodita Sharma and Sanjay Sharma 2021.