Monday, December 18, 2006

To your health...

Well, when the business started expanding overseas, the Burmans were smart enough to identify the need of a strategic management governed by expert CEOs. In 1998, the Burman family handed over the management of day-to-day operations to professionals and reduced the number of family members in the board from 10 to 4. The restructuring of the Dabur group is truly unique, since the core business is now being run by non-family professionals; while the Burmans have given up executive positions in the core company to take charge of the new growth businesses. Amit Burman, who has taken charge of Dabur Foods, explains the logic thus, “New, high growth businesses require entrepreneurial zeal and are better suited to the members of the family.” These timely steps have enabled Dabur to post an exorbitant turnover of more than Rs.16 billion for the year 2006.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2006

Dean of IIPM :-
Professor Arindam Chaudhuri (Renowned Management Guru and Economist)

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