Monday, November 26, 2012

Balancing the act for organisations - IIPM Think Tank

Dr. Manas Ranjan Tripathy is an Associate Professor in HRM area with ICFAI Business School (IBS), Hyderabad. He has nearly 15 years of combined experience in academics and research, PhD in Human Resource Management from Visva-Bharati, Santiniketan and is also a recipient of Junior Research Fellowship of UGC. He has conducted several behavioural training programmes for reputed public and private sector organisations, which include NALCO, BHEL, Power Grid Corporation of India Limited, PNB, THDC India Limited, Reliance, BSL, Intelli Group, Hero Honda Group and STL.



The organisations of post-modern era are experiencing rapid change in terms of operation, processes, strategy and people. They can no longer get away with operating in loosely connected groups of business that happen to be located around the world, but must strategically integrate their activities. Survival and beating the odds are the mantras for the present-day organisations.

In a turnaround situation, a company suffers declining economic performance for an extended period of time, such that survival of the company is threatened unless serious efforts are made to improve its performance. Achieving a turnaround calls for a totally different set of skills to probe into the causes of decline and to formulate appropriate strategies to bring the company back on track and move ahead. The turnaround strategy requires exceptional leadership competencies and understanding of human processes. HR’s role is important in scripting turnaround success, though viewed with utter scepticism by specialists in a number of cases. Read more..


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