After several bruising knockouts, the dented champion HUL rose yet again. But with the odds continuously stacking up against it, the burning question is – Is the much pilloried Unilever getting the killer punch this time?
Adversity breeds genius. When the champion of the Indian FMCG space came under attack from several quarters, it was time for Hindustan Unilever Ltd. (HUL) to bring every ounce of managerial genius to the table & get the ship rolling. While the balance sheet is indicating healthy tidings lately, has HUL really been able to bury the ghosts of the past for good?
A bridge collapses in Minneapolis, America, before they could even dedicate a ‘Lo
ndon Bridge’ type song to it! A few dozen people are dead. That doesn’t shock the world as much as the fact that a ‘bridge’ could ‘collapse’, and that too in the world’s ‘most developed nation’. And what’s more, a report follows that says 70,000 bridges in the US are structurally deficient and pose a similar risk! The cost of making amends and restoring Uncle Sam’s dented pride is pegged at a whopping $188 billion. And the time it would take? A generation, or to be precise, 20 years. Sure, it happens, and even to the best of them. And a similar situation faced Hindustan Unilever Ltd. Chairman Harish Manwani, when he took over the reins of India’s largest FMCG company.
For Complete IIPM Article, Click on IIPM Article
Adversity breeds genius. When the champion of the Indian FMCG space came under attack from several quarters, it was time for Hindustan Unilever Ltd. (HUL) to bring every ounce of managerial genius to the table & get the ship rolling. While the balance sheet is indicating healthy tidings lately, has HUL really been able to bury the ghosts of the past for good?
A bridge collapses in Minneapolis, America, before they could even dedicate a ‘Lo
ndon Bridge’ type song to it! A few dozen people are dead. That doesn’t shock the world as much as the fact that a ‘bridge’ could ‘collapse’, and that too in the world’s ‘most developed nation’. And what’s more, a report follows that says 70,000 bridges in the US are structurally deficient and pose a similar risk! The cost of making amends and restoring Uncle Sam’s dented pride is pegged at a whopping $188 billion. And the time it would take? A generation, or to be precise, 20 years. Sure, it happens, and even to the best of them. And a similar situation faced Hindustan Unilever Ltd. Chairman Harish Manwani, when he took over the reins of India’s largest FMCG company.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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