Most pathetically, over the last decade, blind belief in BPR has confounded many excellently performing companies to almost extinct monoliths. General Motors (which was hit by a spine-chilling $8.6 billion loss in 2005 and shrewdly followed it up with a desperate $9 billion in savings through job-cuts), various American Airlines (with a whopping $40 billion in net losses since 2001 with a few already having filed for bankruptcy under Chapter 11), the legendary Ford Motors (which reported the largest-ever quarterly loss of $5.8 billion on December 01, 2006, has announced a burning of another $17 billion by 2010 and has slipped to the global fourth position in annual sales for the first time ever!), the revolutionary Dell Computers (with sad profit forecasts for 2007 and losses of $376 million from the battery recall of 2006), the celebrated HP (which is cutting-off further 14,500 employees), the classic Kodak (which recently reported its 8th consecutive quarterly loss of $37 million and 15,000 job cuts by 2007) being the notable sycophants of BPR!
For complete IIPM article click here
Source:- IIPM Editorial
An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative
For complete IIPM article click here
Source:- IIPM Editorial
An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative
