Surviving the Recession? Venus Jewel - A Case from Indian Diamond Industry
Vikalpa, Vol. 34, No. 3, July-September 2009
21 Pages Posted: 21 Jun 2015 Last revised: 15 Apr 2017
Date Written: June 19, 2009
Abstract
The Indian diamond industry witnessed a severe recession in the year 2008. The industry is already showing signs of recovery in 2009 led by its large-sized firms. This case presents facts from a study conducted in a large-sized Indian diamond processing firm which has existed for the last 40 years and led the revival of the industry. It includes description of the company policies, management practices, innovations, the organization structure, and other unique systems. It also describes the exemplary business acumen and leadership qualities of the founder of the unit of our case. Besides, this is the first such study conducted in the Indian diamond industry which has otherwise remained undocumented in spite of an extraordinary global performance.
Keywords: indian diamond industry, leadership, recession
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