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Privatisation: The Berlin-Chemie Way

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  • S.P. Parashar

Abstract

In the public sector regeneration and turnaround market in the last quarter of the last century, privatisation has been the most commonly prescribed drug. The biggest difficulty, however, in the way of effective application of this drug, as repeatedly reported by potential users, has been “dealing with excessive manpower†; from which, almost without exception, the public sector enterprises have been suffering in the entire third world. Consequently, more often than not, privatisation has remained a mere paper prescription (or a topic for non-conclusive seminars). The Berlin-Chemie AG, a German pharmaceutical company offers a very refreshing experience in this context. It is a story of regenerating a public sector enterprise from a parastatal of a communist country, to a market sauvy company From a domestic to an international company. In its regenerating years, it got corporatised, privatised. And it all happened under the direction of the same CEO.

Suggested Citation

  • S.P. Parashar, 2000. "Privatisation: The Berlin-Chemie Way," Vision, , vol. 4(2), pages 63-66, July.
    • Handle: RePEc:sae:vision:v:4:y:2000:i:2:p:63-66
    DOI: 10.1177/097226290000400209
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