IIM-A studying Lalu's management skills

Wow wow! Quite impressive figures. Apparently Lalu and his management increased net profit of the Railways by Rs 2,500 to Rs 3,000 crore. Pasted below is the full article taken from sify.com. You can also read more about Lalu at wiki.

Ahmedabad: Critics of Railways Minister Lalu Prasad Yadav may accuse him of messing up the development of Bihar during his party's rule in that state but he has brought positive changes in Indian Railways prompting Indian Institute of Management, Ahmedabad, to conduct a case study and teach it to its students.

Professor G Raghuram of IIM-A, who is conducting a case study on the changing face of Indian Railways after Lalu Yadav took over the ministry, said "the changes brought by the officer on Special Duty Sudhir Kumar, who was appointed by Yadav and enjoys the minister's backing have tremendously improved the management of Indian Railways".

The professor plans to teach his case study to students of IIM-A. "I would remove the diagnostic analysis from the case study and present it to students to have their own analysis," he added.

"Rail Raghu" is the name given to the professor in the IIM-A as he has closely monitored Railways for the last 30 years and also done his PHD on IR.

"For outsiders, it is very difficult to penetrate the rigid management of Indian Railways. However, the minister and his OSD have done that with flying colours," Raghuram said.

The professor, who has studied working of many railways ministers, said Lalu and his OSD have managed to increase net profit of the Railways by Rs 2,500 to Rs 3,000 crore after they took over the management.


Holy said...

Hi liked your blog.But as far as I know Railways was incurring losses before his tenure.

bhattathiri said...

Lalu's management is a systematic way of carrying out activities in any field of human effort. Management need to focus more on leadership skills, e.g., establishing vision and goals, communicating the vision and goals, and guiding others to accomplish them. It also assert that leadership must be more facilitative, participative and empowering in how visions and goals are established and carried out. Some people assert that this really isn't a change in the management functions, rather it's re-emphasizing certain aspects of management.
Its task is to make people capable of joint performance, to make their weaknesses irrelevant, says the Management Guru Peter Drucker. It creates harmony in working together - equilibrium in thoughts and actions, goals and achievements, plans and performance, products and markets. It resolves situations of scarcity, be they in the physical, technical or human fields, through maximum utilization with the minimum available processes to achieve the goal. Lack of management causes disorder, confusion, wastage, delay, destruction and even depression. Managing men, money and materials in the best possible way, according to circumstances and environment, is the most important and essential factor for a successful management.