In the month of December 2011, with diminishing sales as a consequence of increasing competition and macroeconomic conditions, the company's owner and creator appoints his son to check into restructuring the business.
The electric distribution control panel fabricating and installation business is extremely fragmented, with many small companies and only a couple of large businesses. Several firms specialize in a single niche of the industry, whether it be making of consultancy services or panels, installation, or gear. Distinct markets demand different input signals with regard to financing labour, and technical knowledge. Given the labour problems in India, combined with the country's spiraling interest rates and slowing economic growth, the owner's son must decide on a strategy to bring his business out of its current downturn.
PUBLICATION DATE: September 21, 2012 PRODUCT #: W12208-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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