Corporate News     05-Apr-24
ZEE Entertainment Enterprises transitions towards lean organization structure

ZEE Entertainment Enterprises' MD & CEO, Punit Goenka, has proposed the implementation of a lean and streamlined management structure to the Board, in line with his strategic plan focused towards achieving the targeted goals for the Company.

In line with his overall strategic approach, the MD & CEO has initiated the process of rationalization of the workforce by 15%, that will prune the staff strength across the Company to arrive at a streamlined team that is sharply focused on the set goals for the future.

The proposed structure is aimed towards arriving at a cost-effective operational model with speed and agility as the core areas of focus. It will further enable the Company to chart higher growth by maintaining a keen eye on Performance and Profitability, thereby seamlessly executing its strategic priorities as required for a content creation company.

The proposed team structure will foster a more collaborative performance-oriented culture. In order to nurture and encourage the entrepreneurial spirit, which is an intrinsic part of ZEE's DNA, every team member of the lean structure will function as a partner and a co-owner of the Company.

In the lateral structure, the MD & CEO has also proposed the elevation of certain team members across businesses, in order to provide them higher level of responsibilities; besides him assuming direct charge of the critical business verticals leading to cross functional collaboration, quick decision making and higher productivity levels.

As the leading entertainment powerhouse with a strong pulse on the audiences' diverse entertainment needs, the core strength of the Company lies in content creation. In order to further strengthen the content creation capabilities, the lateral structure will focus on a more collaborative environment across the core business segments to leverage synergies in terms of creativity, technology and revenue generating opportunities.

The core business units of the proposed structure will include: Broadcast, Digital, Movies and Music.

Punit Goenka, MD & CEO, ZEE added, “Building a simplified, lateral structure for the Company, will ensure that we maintain a sharp focus on Performance and Profitability as the key growth drivers, and the structure proposed to the Board is in line with this core thought. The streamlined team at ZEE will maintain a sharper focus on targeting higher levels of productivity to drive growth in order to generate value for all our stakeholders going forward. I look forward to the Board's guidance on this approach, enabling us to pursue our goals more effectively and take advantage of the opportunities before us."

 

Previous News
  Zee Entertainment Enterprises
 ( Results - Analysis 14-Feb-24   17:31 )
  Zee Entertainment Enterprises reports consolidated net loss of Rs 53.42 crore in the June 2023 quarter
 ( Results - Announcements 10-Aug-23   07:42 )
  Zee Entertainment Enterprises reports standalone net loss of Rs 14.15 crore in the June 2023 quarter
 ( Results - Announcements 10-Aug-23   07:41 )
  Zee Entertainment Enterprises consolidated net profit declines 91.86% in the December 2022 quarter
 ( Results - Announcements 14-Feb-23   07:45 )
  Timken India Ltd leads losers in 'A' group
 ( Hot Pursuit - 20-Jun-23   15:00 )
  Tata Communications Ltd Spikes 2.23%
 ( Hot Pursuit - 11-Jul-23   09:30 )
  Pricol Ltd leads losers in 'A' group
 ( Hot Pursuit - 10-Nov-23   15:00 )
  Zee Entertainment Enterprises
 ( Analyst Meet / AGM - Conference Call 22-Dec-21   20:15 )
  ZEEL drops as Q2 PAT declines 5% YoY to Rs 130 cr
 ( Hot Pursuit - 10-Nov-23   12:36 )
  Zee Entertainment jumps on buzz Bombay HC grants injunction against Invesco
 ( Hot Pursuit - 26-Oct-21   15:41 )
  Zee Entertainment slides after Q3 PAT slips 25% YoY to Rs 299 cr
 ( Hot Pursuit - 03-Feb-22   09:57 )
Other Stories
  Aurionpro Solutions to convene EGM
  25-May-24   20:02
  Inceptum Enterprises announces board meeting date
  25-May-24   20:01
  Udayshivakumar Infra to discuss results
  25-May-24   20:01
  Paushak schedules AGM
  25-May-24   20:01
  Tata Consumer Products AGM scheduled
  25-May-24   20:01
  Silver Oak (India) to hold board meeting
  25-May-24   19:58
  Gokul Refoils & Solvent to hold board meeting
  25-May-24   19:57
  Thakkers Group to announce Quarterly Result
  25-May-24   19:57
  TPI India schedules board meeting
  25-May-24   19:57
  SRM Energy to announce Quarterly Result
  25-May-24   19:57
Back Top