Learned from Business Driven Strategies of Aviation Industry in Thailand in Economic Crisis: A Case Study of Thai Airways International Public Company Limited

Author(s):  
Teejuta Prasatkeaw
2001 ◽  
Vol 26 (3) ◽  
pp. 39-56
Author(s):  
G. Raghuram

Precious Shipping Public Company Limited (PSL) went through a process of financial restructuring in response to the economic crisis that hit Thailand in 1997. PSL faced trouble since payments were due in dollars and they had investments in Thai baht, which had devalued during the crisis. Being a professionally managed company with a high level of transparency in their transactions, they came out of the situation by managing to restructure their secured and unsecured debts. A large part of the unsecured debt proved a little more complex since it was tied to a swap. The case describes the financial restructuring process and the business scenario during the crisis, and provides an opportunity for learning about financial risk management. Readers are invited to send their responses on the case to Vikalpa Office.


2002 ◽  
Vol 27 (1) ◽  
pp. 69-76 ◽  
Author(s):  
G Raghuram

The July-September 2001 (Vol 26, No 3) issue of Vikalpa had published a Management Case titled “ Precious Shipping Public Company Limited” by G Raghuram. In this issue, we feature three responses on the case from Ajay Pandey; Justin Paul; and Amit Paranjape, Indraneel Pandit, and Umesh Bali. Precious Shipping Public Company Limited (PSL) went through a process of financial restructuring in response to the economic crisis that hit Thailand in 1997. PSL faced trouble since payments were due in dollars and they had investments in Thai baht, which had devalued during the crisis. Being a professionally managed company with a high level of transparency in their transactions, they came out of the situation by managing to restructure their secured and unsecured debts. A large part of the unsecured debt proved a little more complex since it was tied to a swap. The case describes the financial restructuring process and the business scenario during the crisis, and provides an opportunity for learning about financial risk management.


2020 ◽  
Vol 8 (3) ◽  
pp. 3-17
Author(s):  
Elena Blagoeva

The impact of the last global economic crisis (2008) on the European economy put a strain on higher education (HE), yet it also pushed the sector towards intensive reforms and improvements. This paper focuses on the “Strategy for the Development of Higher Education in the Republic of Bulgaria 2014-2020”. With a case study methodology, we explore the strategic endeavours of the Bulgarian government to comply with the European directions and to secure sustainable growth for the HE sector. Our research question is ‘How capable is the Bulgarian HE Strategy to overcome the economic and systemic restraints of Bulgarian higher education?’. Because the development of strategies for HE within the EU is highly contextual, a single qualitative case study was chosen as the research approach. HE institutions are not ivory towers, but subjects to a variety of external and internal forces. Within the EU, this is obviated by the fact that Universities obtain their funds from institutions such as governments, students and their families, donors, as well as EU-level programmes. Therefore, to explore how these pressures interact to affect strategic action on national level, the case method is well suited as it enabled us to study the phenomena thoroughly and deeply. The paper suggests the actions proposed within the Strategy have the potential to overcome the delay, the regional isolation and the negative impact of the economic crisis on the country. Nevertheless, the key elements on which the success or failure of this Strategy hinges are the control mechanisms and the approach to implementation. Shortcomings in these two aspects of strategic actions in HE seem to mark the difference between gaining long-term benefits and merely saving face in front of international institutions.


GIS Business ◽  
2019 ◽  
Vol 14 (6) ◽  
pp. 206-212
Author(s):  
Dr. D. Shoba ◽  
Dr. G. Suganthi

Employees and employers are facing issues in work life balance. It has become a difficult domain now, because the work needs have increased due to an increase in work pressure and complexities in handling the technology. As there are drastic changes in the rules and regulations in the work scenario of the aviation industry, it makes work life balance of employees difficult and set more hurdles. Hence there are many distractions and imbalances in the life of women employees in the aviation industry working across all levels. This work pressure is creating high level of hurdles in maintaining a harmonious job and family life, especially for female aviation employees. Data is collected from 50 female crew members working at Cochin International Airport. The objective of this study is to analyze the work life balance of working females of Cochin International Airport and its influence on their personal and specialized lives. The result of the study shows that the management should frame certain policies which will help employees to have the balance among their personal and expert lives.


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