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Changing Tracks - Reinviting The Spirit Of Indian Railway (Hardcover)
Loot Price: R382
Discovery Miles 3 820
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Changing Tracks - Reinviting The Spirit Of Indian Railway (Hardcover)
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Loot Price R382
Discovery Miles 3 820
Expected to ship within 10 - 15 working days
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Over the next eight years, however, there was a dramatic
improvement in its performance. From a cash surplus before dividend
of Rs 1,071 crores in 2000, it achieved an estimated Rs 25,000
crores (or around Rs 13,000 crores after accounting for all
expenditures, receipts and depreciation) in 2008. Alongside came a
dynamic and differential tariff policy, and technical changes that
led to an enhanced carrying capacity. How all this was accomplished
is the focus of this riveting study of change and innovation in the
Indian Railways. Based on an extensive examination of internal
documents of the Railways and in-depth interviews with key people
involved in the change process, authors V. Nilakant and S.
Ramnarayan identify four distinctive features associated with the
organization's renewal between 2004 and 2008. The change leveraged
the strengths of the organization, instead of being preoccupied
with its weaknesses. The aim was to change mindsets about costs,
revenues, investment and business models. The momentum of the
change process was sustained by fostering positive emotions.
Changes were persistently and patiently seen to completion by
focusing on results. Confronting several myths about organizational
change, the book offers powerful lessons for managers and
administrators grappling with the challenges of generating
innovation and improving performance radically in a changing world.
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