Reference no: EM132215577

"Modern Foods Industries Ltd, New Delhi was established by Government of India in 1965. It was managed well upto 1995. There-after, the company stopped production ( became a defunct company) In year 2000, Government of India sold the company to HUL. HUL could manage the company for two years and again the Modern Foods Industries Ltd became a non-operative company. HUL tried to revive but it was in vain. In year 2015, one financial company in the name of Everstones Capital Ltd entered into a Joint venture with HUL to revive the company. Yes, the things did go well but somehow HUL wanted to get rid of Modern Foods so it has sold out the company to Everstones Capital Ltd ( including, brand, plants, and whole set of employees) Mr. Balaji was the Executive Director of HUL managing the Modern Foods while at HUL. On taking over the Modern Foods, Everstone has appointed Mr Balaji as the Managing Director to manage the Modern Foods.

Assignment questions :

1. List out the challenges of Mr Balaji as the MD of the company.

2. What kind of leadership styles and posture Mr Balaji needs to adopt.

3. What all needs to be done by Mr Balaji to get the company back into Identify the parties with whom the MD will be negotiating with and for what purpose."