Subject category:
Entrepreneurship
Originally published in:
2018
Version: 13-Mar-2018
Length: 18 pages
Data source: Published sources
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Abstract
The case details about textile giant Arvind mills which had its inception way back in the 1930's. Arvind was a family controlled business unit and its baton had been passed on to three generations by now. Sanjay Lalbhai, third-generation heir of Arvind is preparing grounds for passing the baton to fourth generation successors Kulin and Punit. The case study majorly focuses on the strategies tailored by Sanjay during the lows and highs of the business. The financial status and market conditions made analysts to interpret the end of Arvind’s story, just like any other family business. However, beating the odds, with the help of effective management team, Sanjay could able to uphold Arvind's business as well as investors trust. Most accepted debt restructuring plan coupled with effective business strategies helped Arvind to stay alive. Learning from the failures, Sanjay articulated Arvind's growth consciously. The case study explains the strategies deployed to overcome uncertainties as well mistakes committed by the management. It also enumerates the significance of macro-economic in organizations functioning and leader’s role in manoeuvring the change and ensuring business growth. The dynamics of Arvind are distinct from other businesses for matter of the fact that it is being a family business operating in the most lucrative textile industry.
Subject category:
Entrepreneurship
Originally published in:
2018
Version: 13-Mar-2018
Length: 9 pages
Data source: Published sources
About
Abstract
The case details about textile giant Arvind mills which had its inception way back in the 1930's. Arvind was a family controlled business unit and its baton had been passed on to three generations by now. Sanjay Lalbhai, third-generation heir of Arvind is preparing grounds for passing the baton to fourth generation successors Kulin and Punit. The case study majorly focuses on the strategies tailored by Sanjay during the lows and highs of the business. The financial status and market conditions made analysts to interpret the end of Arvind’s story, just like any other family business. However, beating the odds, with the help of effective management team, Sanjay could able to uphold Arvind's business as well as investors trust. Most accepted debt restructuring plan coupled with effective business strategies helped Arvind to stay alive. Learning from the failures, Sanjay articulated Arvind's growth consciously. The case study explains the strategies deployed to overcome uncertainties as well mistakes committed by the management. It also enumerates the significance of macro-economic in organizations functioning and leader’s role in manoeuvring the change and ensuring business growth. The dynamics of Arvind are distinct from other businesses for matter of the fact that it is being a family business operating in the most lucrative textile industry.
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Subject category:
Entrepreneurship
Originally published in:
2018
Version: 13-Mar-2018
Length: 9 pages
Data source: Published sources