• Kamlesh Kumar Mishra
• Dr. Ranjit Singh

Abstract Turnaround of sick industrial units is always a complex issue and there is no tailor-made solution for this. Strategies need to be carefully examined for each case, as the reason of sickness are more than one, and need treatment at different level. Management of organization plays important role in success of industrial venture. A committed management by Strategic Planning / Cost Management/ Daily Work Management /Employee involvement, can revive any plant. Customer satisfaction and cost reductions are two issues but its joint impact increases the market share and it is a key of survival, as per Deming Chain. Making employee more useful by cross functional training and motivating by their involvement in management and operational decisions can do wonders. Employee co-operative type of management is also a successful model in revival of ailing plants. Strategic alliances/ In-sourcing /Toll manufacturing and other models prevail in industrial scenario and need careful selection for revival. TQM implementation along with these strategies can be a good combination. A case of such revival is discussed and tested here empirically for some selected strategies applied. Key words: Turnaround, Strategic Alliance, Toll manufacturing, In-sourcing, TQM, Cross functional Training, Cost Management.

Turnaround, Strategic Alliance, Toll manufacturing, In-sourcing, TQM, Cross functional Training, Cost Management

"Industrial Revival by Strategic Implementation of Total Quality Management (TQM): An Empirical Examination ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 12, page no.553-561, December-2018, Available :http://www.jetir.org/papers/JETIR1812279.pdf

"Industrial Revival by Strategic Implementation of Total Quality Management (TQM): An Empirical Examination ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 12, page no. pp553-561, December-2018, Available at : http://www.jetir.org/papers/JETIR1812279.pdf