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Questions for Decision sheet (maximum 2 pages of A-4 size)

1. What has been the Thermax Strategy? Are there changes in the external environment of Thermax which present new opportunities or pose constraints or challenges to Thermax? 2. Given your assessment of the strengths and weaknesses of Thermax, how should Thermax leverage its resources and capabilities for a sustainable growth strategy? Considering the wide range of its businesses and the human, financial and organisational resource requirements for marketing, development of product-service linkages and delivery, which buisnesses should it invest in for growth? 3. How may Thermax take advantage of Indias economic liberalisation policies for a larger national and international footprint? 4. Is there any actual or potential conflict between shareholder value maximisation and sustainable growth? What corporate governance safeguards does the organisation have? 5. What resources and capabilities does the organisation need to develop?

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