Justin Kabaso Chungu

Corporate Renewal a Case of Nkana Water and Sewerage Company: Strategies for Corporate Renewal: Taking a New Leaf Justin Kabaso Chungu

Institutions and organizations renew when faced with sustained decline or non growth. Corporate renewal is at the heart of survival for any organization facing decline and as such "it is an innate and instinctive response for any organization to deal with adversity in order to survive and stay afloat in a competitive environment". The measure of full renewal for any institution or organization lies in the sustained achievement of its corporate objectives through improved operations. This study looked at the various corporate renewal strategies used by Nkana water and sewerage Company Limited to renew its performance. Prior to this period Nkana Water and Sewerage had faced a multiplicity of challenges, from delivering a product that did not meet the international standards to demotivated staff. Successful corporate renewal results in a stronger, leaner, aggressive motivated and mobilized company positioned to command the future and ensure a surge in share holder returns and improved service delivery.