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MLA
Roy, Ria. "A Decade's Worth: A Construction Firm's Journey From Recovery to Growth." IGI Global, 2020. 179-200. Web. 25 Jul. 2024. doi:10.4018/978-1-7998-0054-5.ch010
APA
Roy, R. (2020). A Decade's Worth: A Construction Firm's Journey From Recovery to Growth (pp. 179-200). doi:10.4018/978-1-7998-0054-5.ch010
Chicago
Roy, Ria. "A Decade's Worth: A Construction Firm's Journey From Recovery to Growth," 179-200 (2020), accessed July 25, 2024. doi:10.4018/978-1-7998-0054-5.ch010
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A Decade's Worth: A Construction Firm's Journey From Recovery to Growth
Ria Roy (Independent Researcher, Canada)
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200
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9781799817475
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DOI:
10.4018/978-1-7998-0054-5.ch010
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Abstract
After witnessing a year-on-year growth of 50% since its inception in 1993, Ziggurat Developers was well on its way to being the next niche, technically sophisticated, and edgy construction company in Mumbai, India. This case takes a deep dive into how winning a prestigious construction contract in the country led to Ziggurat's loss of revenue, cash flow deficits, year-on-year losses, high financing costs, loss of banking, idling of resources, loss of credibility, and high employee turnover rate. Instead of these significant contracts providing a strong foothold in the construction industry, it destroyed Ziggurat and the recovery took a decade. Performance improvement is often the study of how to improve performance when discrepancies are confined to a silo or a subset of functions within an organization. But how do you get back to exemplary performance when you are boxed in and there is no way out?
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