One of India’s oldest privately-owned airline is struggling to stay in the air. Since some time the airline has been giving one bad news after another. First, there were news about the airlines cutting cost by trimming employee salaries by 25%. Then they deferred to release the financial results and now the decision of the civil aviation ministry to audit the company. All these started after the airline reported huge losses due to high fuel prices and a weak rupee.
However, the CEO of this airlines recently quoted that there are various transformation initiatives that have been identified and are being implemented. The airline is confident that the implementation of the transformation initiatives will help them to address the current problems. They have recently quoted that some of the transformation initiatives are already delivering positive and favorable results.
The airlines have been working to achieve greater operational efficiency. They are implementing a host of measures to optimize costs and increase revenue while retaining focus on clients.
But the bigger question is, what is the right time to work on transformation initiatives? The answer is, there is no right or wrong time. Any organization should always strive to improve and work on different transformation initiatives to remain effective and efficient. Transformation initiatives are like a marathon race they demand persistence and speed; it is just that, there is no finishing line. It is a journey without any end.
It is a known fact that most of the employees resist change. Research suggests that 90% of the change initiatives fail due to employee resistance. Organisations have to find the right place to minimize the resistance. One can not be too fast for the employees to accept change and too slow that it becomes boring for the employees involved. Transformation should be a continuous process. It should not happen that when there are problems in the organization then you go for such initiatives.
Team Faber Infinite has been working on transformation journeys with organizations across industries. We have been helping organizations to excel and perform right things in the right manner at the right time. We have been helping organizations in designing and implementing the transformation initiatives to become more effective, efficient and agile. We have been helping our clients to build successful organizations, always striving for excellence, by establishing a culture of continual improvement; in order to transform. To know more about our offerings and service contact us at [email protected]
Written & Compiled by Faber Kishlay, Faber Mayuri & Faber Jalay.