Pierre describes the situation Godfroyd faced when he took over as CEO in 1991, Sabena. At that time, Sabena was the inevitable bankruptcy. On the basis of a restructuring plan designed Godfroyd and his staff, the Belgian government agreed to bail out the airline in exchange for a guarantee that this will be the last time to the Government will be requested. Godfroyd task is to transform the company into a viable private enterprises. Provides an opportunity to assess the viability of the strategy in Godfroyd. Provides the basis for a sequence of additional cases associated with the implementation strategy. "Hide
by Mary M. Crossan, Barbara Pierce Source: Richard Ivey School of Business Foundation 17 pages. Publication Date: November 1, 1994. Prod. # 94M003-PDF-ENG
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