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Book Reports
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3 / 816 |
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Upon completion of the plant in 1966, 45% of RHL's equity was sold to the Indian populace through a public stock offering. RVI retained 55% ownership.
Gurcharan Das at RHL
When Das returned to his native India in January 1981 to head RHL after working in different parts of the world for thirteen years, he found a company in trouble...
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He, together with RVI management, quickly mapped out a strategy to turn around the situation. He explained the resulting priorities and actions: The top priority was to increase profitability. We raised prices wherever we could, reduced inventories and accounts receivable, cut low-yielding and distribution activities, and got sales forces to push the more profitable lines...
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