Danfoss and the Danish Variety of Capitalism

Christina Lubinski, Kristian Nørgaard Modvig, Valeria Giacomin

    Research output: Other contributionTeaching case


    Danfoss is a traditional Danish family firm, deeply committed to its local community in Nordborg, Als. The company is family-owned and has had several members of the owning family on its Board. The case shows Danfoss' rise to one of the biggest heating, refrigeration, and air conditioning companies in the world. With ever greater expansion onto global markets, Danfoss experienced the challenge of creating a harmonious global portfolio, while continuing to be a Danish and socially-responsible company with local roots. The case illustrates the Variety of Capitalism debate and encourages students to reflect on the dynamics of varieties of capitalism, in Denmark and beyond.
    Original languageEnglish
    Publication date20 Jan 2020
    Place of PublicationLos Angeles, CA
    PublisherUSC-Marshall/Lloyd Greif Center for Entrepreneurial Studies
    Number of pages11
    Publication statusPublished - 20 Jan 2020
    SeriesHistorical Entrepreneurship Case Series

    Bibliographical note

    Case - Reference no. SCG-565.


    • Entrepreneurship
    • Global business
    • Business & government relations
    • Change management
    • Corporate governance
    • Family business
    • Family-owned business
    • Business history
    • History of capitalism

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