Subject category:
Strategy and General Management
Published by:
International Institute for Management Development (IMD)
Version: 15.05.2009
Length: 3 pages
Data source: Generalised experience
Abstract
During the economic crisis, the board of NorgeRims, an automotive supplier, finds itself in a difficult situation. On the one hand the company is facing bankruptcy due to the economic crisis that depleted its cash reserves; on the other hand the board itself is in a crisis as its members have split into two factions. The chairman must find a way to reconcile the positions and keep the company from drowning.
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Abstract
During the economic crisis, the board of NorgeRims, an automotive supplier, finds itself in a difficult situation. On the one hand the company is facing bankruptcy due to the economic crisis that depleted its cash reserves; on the other hand the board itself is in a crisis as its members have split into two factions. The chairman must find a way to reconcile the positions and keep the company from drowning.