Assistant Professor, MRP Research Fellow, Christ University, Hosur Road, Bangalore – 29
Online published on 18 June, 2013.
Industries are an integral part of a nation's economy. With growing industrialization of the Indian Economy, the incidence of industrial sickness has also been on the rise and a huge amount of scarce resources of banks and financial institutions remain locked up in the sick units. The process of bringing an organization from sickness to health is known as turnaround. Different organizations adopt different strategies for bringing about turnarounds. In this study, case study methodology has been adopted, which has aimed at understanding the internal and external causes of sickness and the turnaround strategies adopted by a public sector organization, Karnataka Soaps and Detergents Limited (KSDL). For which, both Univariate and Multidimensional analysis for industrial sickness has been assessed. Further, the various turnaround strategies adopted by this organization is highlighted. This study is a very useful source of information and impartial advice for turnaround decision makers of KSDL. Thereby, it has relevance to all the stakeholders in the business, the reason being their money, talents and efforts should not go futile while making decision.
