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No answers from Satyam yet, but new surprises

IT Industry - Strategy

A fascinating article on “What [business] transformation should mean to you” is available on Satyam’s site.

Written before the scandal erupted by its now new interim-CEO Ram Mynampati, the document easily describes part of the process Satyam itself must now take to restore confidence in the company and emerge Phoenix-like from its ex-CEO’s ashes.

If Satyam’s “dog food” really is as tasty as it has always suggested, Satyam will be eating it aplenty to transform its own business in addition to those of its customers.

Whether it will remain as a company with 53,000 employees and all its customers intact is, on the one hand, highly doubtful, as a scandal of this scale couldn’t possibly go unpunished, with customer losses and staff cutbacks of some kind surely inevitable.

That said, Satyam seems to otherwise have the strength in IT and people to bounce back from this crisis and remain a major global IT player, at least after the pain of sorting out the mess.

We’ll all just have to wait and see, just as the new executive team, Satyam’s customers, analysts and the press are all waiting… for answers.