Click to play videoNew Delhi: India’s most colourful politician and Union Railway Minister Lalu Prasad will on Monday narrate a story to the students of the prestigious Indian Institute of Management –Ahmedabad – a story of the stupendous turnaround of Indian Railways.
Written-off as a "white elephant" two years ago, the transformation of Railways into the second largest profit-earning state-run unit has become a subject of keen interest for the management school.
So, while they may travel in two different directions, Brand IIM and Brand Lalu will begin looking at the complete turnaround of the Indian Railways with a reverential awe when Lalu delivers a lecture on railway management at IIM Ahmedabad.
The minister will share with the students his strategy of scripting the Indian Railways' success story.
“We had written a case study on Indian Railways with Lalu as the protagonist. And if he gives the lecture it will be better for students,” says IIM-A professor, G Raghuram.
“He is coming here as the top management of Railways as an organization,” says Director, IIM-A, Bakul Dholakia.
The Railways, once slated for bankruptcy, is back on track and has become a model in corporate management. Lalu, derided by many for his rustic ways and slammed for the mismanagement of Bihar during the 15 years his rule, Lalu surprised many by overseeing the transformation of the railways.
The minister too seems eager to share his experience with the students.
“I will talk and take questions on how we transformed the railways into a profit-making organsiation,” he said.
It's not only IIM, which wants to fete him. Even premier international business schools like Harvard and France's HEC Management School have shown an interest in turning his experiment with the railways into a case study for aspiring business graduates.
The Minister has attracted the attention of railways and engineering houses across the globe, prominent among them being the US business giant General Electric.
So while the IIM whizkids grill him in a question-answer session, the big question is - how well would the minister fit into this new role?
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