The leadership attributes of lee lacocca

The leadership attributes of lee lacocca

Henry Ford II had wanted nothing to do with a car that is still highly popular today. The accounting department was unorganized, and the inventory was rotting. His ability to link the economy to industry and industry to politics may be controversial on some levels, but it showed that he understood how to adapt to his environment. But even when fired from Ford, Lee did not abandon his broaden-and-build style of leadership. He continued to work and help support himself as a student at Lehigh University in Bethlehem, Pennsylvania. Sometimes people do dumb things. You've got to really want to get something done. Iacocca acknowledged that his customers' faith should be shaken— for two reasons. Iacocca a successful leader.

Having grown up in a family of uncertain financial stability, overcoming ethnic taunts, and suffering from ill health derailing athletic pursuits in his college years, he became a great student and a transformational industrial titan.

Download this Essay in word format. First as head of Ford Motor Company then as chief of Chrysler, Iacocca proved that he had the right set of leadership skills to make both businesses profitable, even when the latter was on the ropes and verging on bankruptcy.

InChrysler was forced to declare bankruptcy, 30 years after Iacocca narrowly guided the company back from the brink.

Lee iacocca book

After he graduated from Lehigh, Lido went on to earn a master's degree in engineering from Princeton University. I write about leadership communication to grow sales and build brands. In a speech to celebrate the Statue of Liberty Centennial celebration, Iacocca talked about the type of liberty millions of immigrants who passed through Ellis Island were searching for. Beyond products, however, he helped American industry awaken, admittedly in a tardy way, to the competitive threats of trading partner nations such as Japan and Germany. He was a very serious contender for the U. Creativity Leaders need to be willing to try something new, to think outside of the box. With a genius for marketing, Lee rose through the ranks of Ford Motor Company to become president of the company in And when the distinguished, economically savvy, eloquent, silver-haired Fraser spoke to students, they were surprised by his appearance. His ability to speak to the common man in the common man's own language showed that he could communicate well on all levels Levin, , pp. One of the early lessons he learnt in investing was that if he only relied on his experience, his decision-making and the context on which it was based would be severely limited. At Ford Lee began his career at the bottom rung in Philadelphia, but quickly rose to the top by showing business savvy and winning leadership traits. You've got to have passion. It analyzes his philanthropic pursuits and his literary career as well. More important than that, you've got to surround yourself with people who know what they're doing. He also created the Ellis Island Foundation—with an annual award that I had the honor of winning last year—to fortify these bedrock American values.

Great communicators strive to motivate. One that survived the public humiliation of being fired by Henry Ford II, picked himself up and set himself the mission of saving Chrysler.

Crisis — you have to be capable of leading people through a situation when the chips are down and the stakes are high.

lee iacocca charismatic leadership

Iacocca promoted the legends, triumphs, and mythmaking of his career that harkened back to the days of the tycoons of the turn of that century, such as Thomas Edison, Henry Ford I, and Andrew Carnegie. Career at Ford: Fired Despite Success Lee Iacocca rose through the ranks of Ford leading the development of some of the most successful cars ever produced.

Rated 10/10 based on 97 review
Abstract In this text I concern myself with Lee Iacocca Iacocca is well