Case Study

This is a case study of a business unit which had been continuously failing to meet its objectives. The employees were quite unhappy. The employees strongly believed that the management was not capable of reviving the situation. They demanded a change and forced the board to bring in a new management. 

The new management did a thorough analysis and found out that the existing resources are not sufficient to turnaround the situation. Instead of focusing entirely on 'managing' the existing resources and 'surviving', the new management gave high importance to improving the confidence of investors and in attracting the much needed investments. At the same time, they ensured that the internal situation does not get neglected and worsen.

The new management took several quick actions intended towards a long-term and all encompassing growth. With lot of efforts, they managed to improve the perception of investors and struck several deals with potential investors. It was decided that the funding would come in phases and would help in growing the business and in ensuring the welfare of the employees.

In the next AGM, they announced the plans and provided the details of the deals to the board as well as employees. But certain section of employees started questioning that if so many deals have been struck then how come the situation has not 'already' improved. It was explained to them that the investments would pour in steadily and it is a 'process'. It made complete business sense as that is the way businesses as well as economies work. Yet a certain section of the employees was not ready to understand and appreciate it. On top of it, some of them demanded instant results, freebies, bonuses, incentives. It was again explained to them by the management as well as some of the employees that the company cannot afford freebies. Also that the revival cannot happen overnight. Yet, some employees refused to buy that. 

Question (select all that are applicable):

1. Those employees are dumb. They should be given a dunce cap
2. Those employees are close to the earlier management and are intentionally creating unrest
3. Those employees should be completely ignored
4. Those employees had an overdose of 'Panchtantra' and 'Dada Dadi ki Kahaniyaan' in their childhood