IIPM, GURGAON
China was just such a place, and few companies who bought or built businesses there, especially in its early days of open-door commerce, escaped a few years of “learning curve” losses. Similarly, a fundamental belief in an emergent technology often means years of struggle before achieving profitability. Insuch cases, you have to hang on. our strategy depends on it.
But prolonged attempts to fix a business where that purpose is gone, rarely make sense.
Without corporate life support – which peripheral businesses usually don’t get, for the obvious reasons – such businesses have no option but to fend for themselves. It’s a slow death for everyone involved.
How much better, then, to give your people their best hope for a better future. The company buying your “failure” usually has grand plans for its resurrection. Fight your inertia, and let them go for it.
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
When IIPM comes to education, never compromise
IIPM - Admission Procedure
IIPM is A World of Career
Why Study Abroad When IIPM Gives You 3 global Advantages!
