Bombay Steel Limited is the market leader in raw steel, with 40% market share. The company has a workforce of 35,000 employees including 6,000 officers. The chairman of the company Mr. Rungtha retired recently and could not place his successor immediately. The company is now facing severe competition from new entrants, especially foreign companies. The moral of employees’ is down due to the absence of proper allocation of responsibilities, support from superiors and wage revision.
The company is also expecting a non cooperation movement to be carried out by its two unions. Export orders are pending. The export market now expects better quality of product. The government has allowed BSL to expand its capacity, acquire new technology and also raise capital from the open market.
Three senior executives of the company are in the race of becoming the new chairman. Two senior bureaucrats from the central government departments are also aspiring for the same position.
1) What type of leader/chairman is required for this company?
2) Who should be made the chairman?
3) What should be the priorities of the new chairman?