The standard has been set: adapt or die
Readers interested in what's install for Qantas will find the following article in today’s Australian somewhat sobering.
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In the continued absence of Government financial assistance, and/or investment facilitated by change to majority foreign ownership, have to reluctantly agree with the author that Qantas will have to restructure its business if it wishes to
‘still be around in five years’.
For better or worse, Australia has the law is has and don’t expect this is going to change anytime soon.
If the forces of politics and business can’t forge a compromise compact acceptable to the unions, managements’ saving Qantas using mutually agreed restructuring is going to require a miraculous turnaround on a scale not yet witnessed down under.
Would like to think there is something out here that can significantly lessen what’s already unfolding, but thus far, it seems no one, ‘with the where with all to change things’, even wants to publically admit – that the elephant’s already stomping around.
Full marks to BCG for spelling it out.