How Icarus Paradox Doomed Kingfisher Airlines

M. M. Sulphey

doi:10.1177/0972262919897646

How Icarus Paradox Doomed Kingfisher Airlines

M. M. Sulphey

Human Resources Management

Research output: Contribution to journal › Article › peer-review

4 Scopus citations

Abstract

Icarus, a Greek mythical character, is fabled to have plunged to his death in the Aegean Sea due to his own overconfidence and follies. Now management literature has adopted this fable and has extensively used to denote paradoxical decision-making in business. The present case analyses the rise and fall of the Indian air company Kingfisher Airlines Ltd (KFA) and its promoter the flamboyant Mr Vijay Mallya. The author draws parallel between Icarus and KFA, and presents how both met the same fate due to misplaced overconfidence. A few suggestions for organizations to tide over Icarus paradox are also presented.

Original language	English
Pages (from-to)	118-124
Number of pages	7
Journal	Vision
Volume	24
Issue number	1
DOIs	https://doi.org/10.1177/0972262919897646
State	Published - 1 Mar 2020

Keywords

Icarus Paradox
Kingfisher Airlines
Organizational Performance
Strategy

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10.1177/0972262919897646

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How Icarus Paradox Doomed Kingfisher Airlines

Abstract

Keywords

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