After enlightening the IIM students, now an international management guru, Lalu Yadav, is all set to address a large group of students from the Harvard and Wharton business schools in the US on how he achieved a turnaround in the Indian Railways.
By now, the Railway Minister has probably mastered the art of delivering such lectures as he has explained the turnaround strategy to quite a number of visiting international business school dons, management experts and top CEOs as well.
On December 27, he will speak to an audience of 137 American students — 100 from Harvard Business School and the rest from Wharton — in a day-long session at the Railway Ministry.
He will explain to them the finer points of how the ailing Railways has been pulled out of the red in a short period of time without having to increase fares or downsize staff. In the past months, several professors from Harvard, Wharton and Boston business schools have been taken by Lalu around the country to show them the rail network and explain the turnaround strategy.
The loss-making Indian Railways earned a revenue surplus of Rs 13,000 crore by March 2006 and the next year's target is fixed at Rs 20,000 crore.