(MIS)Management?!

IIPM PUBLICATION

The recent management churning has also upset Jet Airways with five top officials departing (at one go!), understandably creating a panic. But talk of efficient management and some questions arise here too, with the airline left with something to prove where return on assets (ROA), return on investment (ROI) and return on equity (ROE) are concerned – parameters which highlight management efficiency. As compared to global ROA, ROI & ROE standards of 15.29, 18.27 & 26.17 respectively for the 5-year period till 2006, the management has reported pathetic figures of 2.92, 5.49 & 18.86 respectively! Also its net profit per employee of a disgraceful Rs.0.19 million is below global standards of a handsome Rs.4.78 million per head – truly sub-world class management!

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative