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COVID-19andbusinessrenewal:Lessonsandinsightsfromtheglobalairlineindustry TheemergenceoftheCOVID-19pandemichasadverselyaffectedthefortunesofmultiplecompaniesaroundtheglobe.Accordingly,questionsareincreasinglybeingaskedabouthoworganizationscanrevitalizeduringandafteracrisis.Yet,wehavelimitedunderstandingofhoworganizationsrenewthemselvesduringcrisesovertime.WeexplorethisquestionthroughthelensandexaminationoftwoSouth-Asianairlines:PakistanInternationalAirlinesandSriLankanAirlines.Thecasesofferimportantinsightsintothereasonsbehindunder performanceofstate-controlledenterprisesandrenewal activities.Weshedlightonstrategicrenewal(SR)inthewakeofincreasingliberalizationandderegulationsintheglobalairlineindustry.Tothisend,weproposeafour-stageapproachtowardsrenewingsuchunder performingorganizationstorespondeffectively toblackswaneventsandexternal shocks Question3(15Marks) ZaWays,likePakistanInternationalAirlinesandSriLankaAirlines,isastateownedcompany.Itsrecentperformancehastriggeredthegovernmenttoconsiderdisposingoffamajorstaketotheprivatesector.Critically provideanassessmentoftheprivatisationoptiononZaWay'soperations.

COVID-19andbusinessrenewal:Lessonsandinsightsfromtheglobalairlineindustry

TheemergenceoftheCOVID-19pandemichasadverselyaffectedthefortunesofmultiplecompaniesaroundtheglobe.Accordingly,questionsareincreasinglybeingaskedabouthoworganizationscanrevitalizeduringandafteracrisis.Yet,wehavelimitedunderstandingofhoworganizationsrenewthemselvesduringcrisesovertime.WeexplorethisquestionthroughthelensandexaminationoftwoSouth-Asianairlines:PakistanInternationalAirlinesandSriLankanAirlines.Thecasesofferimportantinsightsintothereasonsbehindunder performanceofstate-controlledenterprisesandrenewal

activities.Weshedlightonstrategicrenewal(SR)inthewakeofincreasingliberalizationandderegulationsintheglobalairlineindustry.Tothisend,weproposeafour-stageapproachtowardsrenewingsuchunder performingorganizationstorespondeffectively toblackswaneventsandexternal shocks

Question3(15Marks)

ZaWays,likePakistanInternationalAirlinesandSriLankaAirlines,isastateownedcompany.Itsrecentperformancehastriggeredthegovernmenttoconsiderdisposingoffamajorstaketotheprivatesector.Critically provideanassessmentoftheprivatisationoptiononZaWay'soperations.

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