Organizing for Innovation
Chapter 3: BAC BV: the successful exit of a Unilever spin-out
At the end of the nineteenth century, William Lever created Sunlight Soap with the goal of making hygiene universally available. In the early twentieth century, Lever’s company joined together with several other manufacturers to form an industrial combination that would eventually result in a merger and form the seeds of the Unilever Company. The goals of promoting health and home and personal care, along with producing healthy foodstuffs, still form the core of the company’s activities in 2014. John Coombs joined Unilever as a management trainee in their engineer trainee programme. His career at Unilever grew – through engineering, factory management and consumer marketing – until in 2001 he learned that Unilever was talking about setting up a venture capital business. Coombs volunteered to design that business, together with a small team, and eventually became Managing Director of Unilever Ventures Europe.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.