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Turnaround Exellence: Six Studies of Corporate Renewal
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Turnaround Exellence: Six Studies of Corporate Renewal
By
Sunil Kumar Meheshwari
Turnaround management is one of the toughest challenges that business planners, economists and managers are faced with. In a volatile global business environment it is fast emerging as a critical area of organizational research and analysis.
In Turnaround Excellence: Six Studies of Corporate Renewal,Sunil Maheshwari, professor at Indian Institute of Management, Ahmedabad, looks at six Indian companies that returned from the brink of bankruptcy and extinction. Despite their diverse backgrounds, these companies, including blue-chip giants like BOCIL and TCIL and public sector undertakings like Scooters India Limited, have one thing in common: each of them overcame myriad challenges—financial losses, falling market share and changing technologies, bureaucratic interference and/or governmental apathy, and intransigent trade unions—to make spirited comebacks.
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