Reviving Iridium


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Please note:

This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.

Case Details:

Price:
Case Code : BSTR031 For delivery in electronic format: Rs. 300;
For delivery through courier (within India): Rs. 300 + Rs. 25 for Shipping & Handling Charges

Themes

Turnaround Strategy
Case Length : 11 Pages
Period : 1999 - 2001
Pub. Date : 2002
Teaching Note : Available
Organization : Iridium LLC
Industry : Telecommunication
Countries : USA

Abstract:

The case discusses the problems faced by Iridium after the launch of its mobile satellite services.

These problems landed the company in deep financial trouble, which led Iridium to file for Chapter 11-bankruptcy protection in the US Bankruptcy Court.

The case also talks about Dan Colussy's turnaround strategies that resurrected the company and made it a success.

Issues:

» Examine the consequences and implications of assumptions associated with launching a new product, service and its impact on the survival and success of such ventures

Contents:

  Page No.
Iridium's Failure 1
Background Note 2
About Satellite Telephones 3
The Iridium Venture 5
Resurrecting Iridium 7
Exhibits 9

Keywords:

Problems, Iridium, mobile satellite services, financial trouble, Chapter 11,bankruptcy,protection, US Bankruptcy Court, Colussy's, turnaround strategies

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