Managerial Solutions (2016)
Problems are a part of a human’s life when we often hear people saying that they should not have taken up something so quickly without looking at other options. And it does not matter if the problem is related to your professional life or your personal life. There are instances when the problem which you are trying to solve seems to have ended with a simple solution but then it is just the tip of the iceberg. Problem-solving is a fundamental duty in a manager’s life and the role is as important as taking decisions for investment or disinvestment which can make or break a company’s fortunes. And the way a manager handles a problem with finesse and ease can also help in reversing a failing company’s fortunes. Take, for example, Cyrus Mistry who took over the reins from Ratan Tata and was admired by many eminent personalities for being a risk-taker. Cyrus Mistry took over the company when the market share of TATA was tumbling due to few sales in the TATA Motors division ...