Product details

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Abstract

This is the second of a two-case series (IMD-6-0267 and IMD-6-0268). The case series presents a situation where an 80 year-old Slovenian sanitary products manufacturer is faced with the crisis situation that emerged from poor quality products being delivered to the customers. The case deals with choices and decisions the company had to make to come out of this crisis without damaging its reputation. Business savvy CEO, Janko Velkavrh realised that one of Tosama''s greatest assets is their reputation and everything should be done to protect it. It made good business sense to take care of customers not only in Tosama''s day to day operation, but even more so when things went wrong. One of the lessons learnt was that people can be very forgiving, but only if they feel you are acting in a ''caring and compassionate'' way and acting as if you have nothing to hide.
Location:
Industry:
Size:
EUR25 million
Other setting(s):
November 2003

About

Abstract

This is the second of a two-case series (IMD-6-0267 and IMD-6-0268). The case series presents a situation where an 80 year-old Slovenian sanitary products manufacturer is faced with the crisis situation that emerged from poor quality products being delivered to the customers. The case deals with choices and decisions the company had to make to come out of this crisis without damaging its reputation. Business savvy CEO, Janko Velkavrh realised that one of Tosama''s greatest assets is their reputation and everything should be done to protect it. It made good business sense to take care of customers not only in Tosama''s day to day operation, but even more so when things went wrong. One of the lessons learnt was that people can be very forgiving, but only if they feel you are acting in a ''caring and compassionate'' way and acting as if you have nothing to hide.

Settings

Location:
Industry:
Size:
EUR25 million
Other setting(s):
November 2003

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