Chapter 5. How to Succeed in the Rapidly Maturing Specialty Chemicals Industry

  1. Florian Budde4,
  2. Gary A. Farha5,
  3. Heiner Frankemölle6,
  4. David F. Hoffmeister7 and
  5. Konstantin Krämer4
  1. Joël Claret1,
  2. Simon Lowth2 and
  3. David McVeigh3

Published Online: 8 OCT 2001

DOI: 10.1002/3527600310.ch5

Value Creation: Strategies for the Chemical Industry

Value Creation: Strategies for the Chemical Industry

How to Cite

Claret, J., Lowth, S. and McVeigh, D. (2001) How to Succeed in the Rapidly Maturing Specialty Chemicals Industry, in Value Creation: Strategies for the Chemical Industry (eds F. Budde, G. A. Farha, H. Frankemölle, D. F. Hoffmeister and K. Krämer), Wiley-VCH Verlag GmbH, Weinheim, FRG. doi: 10.1002/3527600310.ch5

Editor Information

  1. 4

    McKinsey & Company, Inc. Taunustor 2 D-60311 Frankfurt/Main Germany

  2. 5

    McKinsey & Company, Inc. 600 14th Street, N.W. Suite 300 Washington, D.C. 20005 USA

  3. 6

    McKinsey & Company, Inc. Magnusstrasse 11 D-50672 Cologne Germany

  4. 7

    McKinsey & Company, Inc. 600 Campus Drive Florham Park, N.J. 07932-1046 USA

Author Information

  1. 1

    Mc Kinsey & Company, Inc. Geneva

  2. 2

    Mc Kinsey & Company, Inc. London

  3. 3

    Mc Kinsey & Company, Inc. Stamford

Publication History

  1. Published Online: 8 OCT 2001
  2. Published Print: 29 MAR 2001

ISBN Information

Print ISBN: 9783527302512

Online ISBN: 9783527600311

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Keywords:

  • commoditization of specialty chemicals;
  • recasting the portfolio;
  • performance;
  • business unit level;
  • business model;
  • value-adding corporate center;
  • investor-type corporate center;
  • differentiated management;
  • corporate themes;
  • best practices

Summary

  • The Commoditization of Specialty Chemicals – What Happens Next?

  • Recasting the Portfolio

  • Achieving Superior Performance at the Business Unit Level

    • Selecting a Single Winning Business Model

    • Executing the Selected Business Model Outstandingly

  • Going for Growth

  • Designing a Value-Adding Corporate Center

    • Putting in Place a Lean, Investor-Type Corporate Center

    • Ensuring Differentiated Management of Various Business Units

    • Driving Selected Corporate Themes

    • Sharing Best Practices Across Businesses