Alan

In: Business and Management

Submitted By lederrius
Words 551
Pages 3
Recently, when the other major U.S. automakers
accepted federal funds in order to stay in business, Ford
Motor Company—in the voice of CEO Alan R. Mulally—
said no. The federal funds were to come in the form of
short-term loans, which Ford determined that it didn’t
need at the time to survive. Several years earlier, the firm
had faced financial decisions and restructured its debt in
such a way that, when the economy slowed down, Ford
didn’t.
Mulally observes that this timing was a bit of luck
and a bit of strategic planning. “I go back to the fundamental
point of view that the Ford Motor Company has
taken about the future going forward, and the actions
that we have taken to create that future,” he observes.
“[Several years] ago we decided that fuel efficiency was
going to be very, very important going forward, along with
quality and safety and good value. We also decided that
we wanted to provide customers with an absolutely clear
vision of Ford and focus on the Ford brand.” As part of
this overall strategy, Ford sold off its luxury brands Aston
Martin, Jaguar, and Land Rover. Meanwhile, it invested in
the development of moderately priced, fuel-efficient cars
and trucks. Ford took on some extra debt at the time as
a hedge against a recession—and had the cash on hand
when the other two automakers didn’t.
Decisions like this are typical of the responsibilities
that are faced by top managers like Mulally. They require
strong leadership qualities that include a willingness to
persist during tough times. But Mulally wasn’t always
CEO of Ford. His first management position was as an
engineering supervisor at Boeing. He overmanaged his
employees so closely that one engineer finally quit. Mulally
says that this was an important experience early in his
management career. He realized that his job as a manager
was “to help connect people to a…...

Similar Documents

Alan

...Recently, when the other major U.S. automakers accepted federal funds in order to stay in business, Ford Motor Company—in the voice of CEO Alan R. Mulally— said no. The federal funds were to come in the form of short-term loans, which Ford determined that it didn’t need at the time to survive. Several years earlier, the firm had faced financial decisions and restructured its debt in such a way that, when the economy slowed down, Ford didn’t. Mulally observes that this timing was a bit of luck and a bit of strategic planning. “I go back to the fundamental point of view that the Ford Motor Company has taken about the future going forward, and the actions that we have taken to create that future,” he observes. “[Several years] ago we decided that fuel efficiency was going to be very, very important going forward, along with quality and safety and good value. We also decided that we wanted to provide customers with an absolutely clear vision of Ford and focus on the Ford brand.” As part of this overall strategy, Ford sold off its luxury brands Aston Martin, Jaguar, and Land Rover. Meanwhile, it invested in the development of moderately priced, fuel-efficient cars and trucks. Ford took on some extra debt at the time as a hedge against a recession—and had the cash on hand when the other two automakers didn’t. Decisions like this are typical of the responsibilities that are faced by top managers like Mulally. They require strong leadership qualities that...

Words: 551 - Pages: 3

Alan Sugar

...Name: Alan Sugar Born: 24/03/1947 (Age: 66) From: Hackney, London Famous for: He's the man who loves to say "You're Fired!" on his hit television show, The Apprentice. Relationship status: Sir Al is married to his wife Ann. Twelve years younger than his three older siblings, Alan Sugar was the child of low-income, working-class Jews and raised in Upper Clapton Road - England. By the age of 12, he was rising at 6am every day to boil beetroots for a local ‘greengrocer’. Four years later, Sir Alan's earnings, after school and at weekends, were far better than his father, Nathan, who worked in a tailoring sweatshop. Leaving school at the age of 16, Sugar proceeded to obtain a post in which he worked briefly for the civil service as a statistician in the Ministry of Education. He also started selling car aerials and electrical goods out of a van he had bought from his £50 savings. In 1968, aged 21, he set up his own business, selling electrical products from intercoms to retractable car antennas and called it Amstrad, referring to (Alan Michael Sugar Trading). The company began as a general importer/exporter and wholesaler, but soon specialized in consumer electronics. By 1970, the first manufacturing venture was underway. He achieved lower production prices by using injection moulding plastics for hi-fi turntable covers, severely undercutting competitors who used vacuum-forming processes. Manufacturing capacity was soon expanded to include the production of audio...

Words: 712 - Pages: 3

Alan Sugar

...Alan Sugar- The Essex boy that showed ‘em all who’s boss. When Alan Sugar was 12 years old, he woke up one Monday morning thinking that he was going to be his own boss and setup his own business in the middle of what they called a recession. His father hadn’t got much money as he worked in a garment factory and decided to create Alan’s own school uniform. Alan’s dad barely could afford £13 and the Sugar family lived in a very rough area. By Alan’s standards he thought his father “wasn’t the greatest tailor in the world” and always feared that his hard earned weekly cash was going to fall onto the floor and taken by kids that took the mickey out of him. Alan hated being made to stand out amongst the crowd. However he had a keen business eye, by the time he was 15 he a few enterprises going including deliveries of ginger beer, milk and paper rounds and shifts for the bakers and local supermarket. Little did he know did he know he had begun his long career as an entrepreneur and soon to become business leader. Today, we know Lord Sugar as the witty, wise and blunt multi-millionaire with pockets that are becoming ever deeper. Lord Sugar’s worth is estimated at over £700 million and an annual turnover of £30 million. Not bad for someone who famously started with only £100 selling TV aerials from the back of van in 1969. The key to Lord Sugars wealth was formed when he setup his first formal electronics company called Amstrad which...

Words: 631 - Pages: 3

Alan Mulally, Ceo, Ford Motor Company

...1. Discuss the role of leadership and how it can impact organizational performance. Leadership is defined as “establishing a clear vision, communicating the vision with others and resolving the conflicts between various individuals who are responsible for completing the company’s vision.” (Vitez) Leadership can have an impact on an organization’s performance. Business owners will set the leadership tone for their organization by developing a mission of values to operate their company. Company policies or guidelines are set from the company's mission or values “Successful organizational performance relies on the proper behavior from managers and employees.” (Vitez) Effective leadership can transform an employee from a worker completing tasks to a valuable asset to the team by instilling an ownership mindset. Employees with this belief they often find ways to improve their attitude and productivity. Leadership skills can also be used to get managers and employees on the same page with the same goal and to correct poor business practices. 2. Discuss Mulally’s leadership style at Ford Motor Company and provide examples of how his actions fit this style. Alan Mulally has a combination of a relationship behavior style and a task behavior style. In the case it is stated, “Mulally’s leadership has resulted in Ford making some strategic moves.” (Hellriegel, & Slocum page 543) His skills and style helped Ford to move ahead in the industry during an economic recession...

Words: 1171 - Pages: 5

Alan

..., I met 7 jugglers and a bear, every juggler had 6 cats, every cat had 5 rats, every rat had 4 houses, every house had 3 mouses, every mouse had 2 louses, every louse had a spouse. How many in all are going to the fair? 6. What letter is next in this sequence? M, A, M, J, J, A, S, O,__ 7, Before Mount Everest was discovered, what was the highest mountain in the world? 8. What happened in 1961 and will not happen again until 6009? *Answers: 1. When it is a Roman Numeral - F(IV)E ! 2. River 3. A Sponge 4. Their breath ! 5. Just me - the others were coming from the fair 6. N for November 7. Mt Everest was still the highest mountain before it was discovered 8. The year reads the same upside down Fill the Jar (Submitted by Melvyn Eio, Education Loan Unit) http://ssunp28.aspac.citicorp.com:18080/vgn/images/portal/cit_714/32/37/118062706Ca ve.xls More Useful TIPS - Introduce good books to read - Sharing interesting articles - Thank you notes were exchanged - Birthday celebrations - Acknowledging any kind of recognition. Secret Recipe to a Great Huddle (Contributed by: Dinna, Jonathan, Glen, Alan, Zack, Robin) Step 1: Preparation of ingredient: Familiarize with the Client 1st Daily materials before the huddle. Research for relevant information online Gather own or other people’s experience pertaining to the service value. Prepare materials for games (if any) Gather ideas for the huddle from people around. Step 2: Appetizer: Grab the attention of the group by: By telling some......

Words: 24325 - Pages: 98

Alan Brunacini

...Leadership Retired Phoenix Fire Chief Allen Brunacini has been referred to as a visionary in fire service leadership throughout my fire service career and continues to be an example of a truly ground-breaking leader in my field. His leadership skills and abilities as well as his accomplishments during his career are well renowned in fire service publications for decades and he is one of the fire service’s greatest leaders. In Brunacini’s Phoenix Fire Department, firefighters are taught that firefighting is not just about pulling people out of burning buildings and saving the structures. Fire Chief Alan Brunacini believes in a considerate and courteous approach that takes into account the suffering of victims. In just a few words, his guiding principles are: "Prevent harm. Survive. Be nice." This way of thinking was certainly a radical change in culture for fire services around the country and became a new way of operating in some agencies after seeing the successes that Brunacini was having in his organization. Some results that made fire departments take notice and realize that Brunacini was on the right tract with his thoughts, especially the benefits of a customer service mentality as a method for obtaining taxpayer support. The simplicity and common sense of the ideas that Brunacini espouses for the culture of his organization regarding customer service is the thing that really made departments so apt to follow his lead. Most departments throughout the country...

Words: 827 - Pages: 4

Alan Greenspan

...Alan Greenspan The Modern Economist Charter College Christina Cruz Abstract Alan Greenspan a great Modern Economist was the second longest appointed chairman of the Federal Reserve by President Ronald Reagan in 1987 and served five intervals until 2006. He describes himself as a “long life Libertarian Republican." He now works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. Alan Greenspan: The Modern Economist Alan Greenspan the modern day economist born March 6, 1926 into a Jewish family. He helped the United States prolong the modern day recession, but still seen the collapse. He served on the Federal Reserve as the second longest term in four year intervals. He was first appointed as President Gerald Ford’s Chairman of the Council of Economic Advisors. The job of the Council of Economic Advisors was consulting the President of the United States on the welfare of the U.S. economy. Then in 1987 Alan was appointed as chairman of the Federal Reserve by Ronald Reagan and there he served until 2006. As a child parents, Rose Goldsmith was a homemaker, and his father Herbert Greenspan was a stockbroker and a market analyst in New York City. While in high school at George Washington High school, Alan played the clarinet in a band named Woody Herman band, after graduating high school, Alan actually went to Juilliard School...

Words: 813 - Pages: 4

Alan Malally

...Alan Malally In less than one week, Alan Mulally will resign as CEO of Ford Motor Company after an 8-year run packed with achievements and an innovation track record that should be the envy of every executive today. When Mulally steps down, Detroit will lose a true innovation leader. Mulally’s turnaround of Ford will likely be studied by business students for years to come as an artful combination of needed financial belt-tightening, plus a cultural change that took the car and truck maker from the brink of bankruptcy to the forefront of growth in the U.S. auto industry. The cultural shifts Mulally put in place impacted how Ford’s teams were structured, how collaboration was fostered, and how innovation itself ultimately came to flourish under his guidance. From my perspective, Mulally joins top innovation CEOs AG Lafley (P&G), Jeff Bezos (Amazon), Steve Jobs (Apple) and Howard Schultz (Starbucks) as the five most significant corporate leaders of the last decade. Ford Motor Company President and CEO Alan Mulally. (AP Photo/Paul Sancya) Ford Motor Company President and CEO Alan Mulally. (AP Photo/Paul Sancya) Ford In Tough Shape Long Before the Great Recession When Mulally took over as CEO in 2006, Ford was in tough shape. It had lost a whopping 25% of its market share since 1990. The company held a huge portfolio of brands including Jaguar, Land Rover, Aston Martin, and Volvo. But none of these brands was faring well, and each required major capital...

Words: 1146 - Pages: 5

Alan Mulally

...The content of this paper is to outline the roles of leadership and how it affects organizational performance. It then discusses the role of Allan Mulally’s, CEO of Ford Motor Company, leadership style. The paper also presents how Mulally’s decision to set a goal increased the company’s performance and mentioning how Allan Mulally’s openness has gained him trust and helped him to reach his goal. Finally, my point of view on the impact of Mulally’s leadership style and how it effects the organization. Leadership is guiding people toward productive results to achieve the goals of the organization. An effective leader has the ability to motivate and influence others. Leadership influences organizational performance depending on the level to which the leader enables managers and team leaders to plan, organize, control, and act effectively. By accepting authority, responsibility, and accountability, managers can confidently face though situations that require decisions made. Faced with an overwhelmingly complex situation, Alan Mulally has been brought in as Ford Motor Company's new president and CEO. As diverse global dynamics confront the company and competitive pressures continue to build, he has the challenging task of improving Ford's brand image and returning the company to profitability. Mulally has invited your consulting firm to advise his management team on restoring the company's reputation and viability. Leaders significantly influence organization’s...

Words: 963 - Pages: 4

Alan Mulally, Ceo, Ford Motor Company

...This paper is about Alan Roger Mulally (born August 4, 1945), who is an American engineer and businessman. Mulally is currently the President and Chief Executive Officer of the Ford Motor Company. Ford, which had been struggling during the late-2000s recession, returned to profitability under Mulally and was the only major car manufacturer to avoid government-sponsored bankruptcy. Mulally moved to Ford in 2006. He had worked at Boeing since 1969. He had been chief engineer for development of the 777, and was later Vice President of Engineering for commercial aircraft. Mulally had no sales experience, and he was not a “Detroit car man,” much less a car man at all. He sold his Lexus after moving to Dearborn. What is most impressive is Mulally’s “results oriented” leadership style. His management is crisp and authoritative, although he defers to the firm’s design experts on the minutiae of the product lines. But on the big questions of the company’s past mistakes and where it’s headed, Mulally made key decisions that placed Ford in good stead. When Mulally testified before Congress in December 2008, along with GM’s Rick Wagoner and Chrysler’s Robert Nardelli, he announced that Ford would be able to survive the recession without a bailout. The Role of Leadership and How It Can Impact Organizational Performance Leadership is an art, and like other arts, requires discipline, good techniques and self-expression. There are some basic rules or formulas connected with an...

Words: 1988 - Pages: 8

Alan Mullaly

...In 2006, The Ford Motor Company, at 103 years old, found itself floundering, lacking leadership, and near insolvency. It had lost 25% of its market share since 1990 and lagged behind some of its competitors in innovation and design, all the while burdened with drastically increasing legacy and operating costs. The company’s Board of Directors recognized that bold leadership is required if Ford was to be saved. In September 2006, although faced with much skepticism for its decision to seek external candidates for its top job, decided to hire Alan Mulally, an executive from Boeing Corporation without any automotive experience, as its Chief Executive Officer. Eight years later, not only is Ford profitable again and on the path to continued prosperity and growth, but Mr. Mulally is considered as one of the five most significant corporate leaders of the last decade by Forbes magazine (2014), and one of the World's 50 Greatest Leaders by Fortune magazine (2015). Through this case study, I will explore and discuss Mulally’s leadership approach, traits, and attributes, relative to the principles of leadership characteristics and attributes, leadership ethics and values, and leadership behaviors as taught by Bordeaux (2015), and Hughes (2015). Leadership Although there are various definitions for what leadership is, there seems to be common attributes among those who are considered effective leaders, past and present. According to Hughes (2015), “defining...

Words: 2227 - Pages: 9

Alan Mulally Ford Motor Company

...Alan Mulally, CEO, Ford Motor Company Elizabeth Haskins Strayer University Instructor: Dr. Yohannes Abate Leadership and Organizational Behavior – BUS 520010VA016 August 7, 2011 Abstract This case focuses on the challenges Alan Mulally (Mulally); CEO of Ford Motor Company faces to implement a new beginning for Ford. Upon Mulally’s arrival, Ford was on the verge of a financial collapse, reporting a $12.6 billion dollar loss in 2006 and a $2.7 billion dollar loss in 2007. Bill Ford hired Mulally to lead the company as he felt that only an outsider could take the extreme steps needed to save the company from financial failure. In a strategic move to ensure Ford maintained its independence and sensing a recession as well as not to be forced to accept a government loan , Mulally borrowed $23 billion against Ford’s assets. This was a strategic move in the hopes that Ford would maintain its independence. This case study will highlight the challenges faced by Mulally, his management and leadership style and what changes were implemented into the organizations culture to ensure its success and place in the car industry. Introduction Mulally moved to Ford in September 2006. When starting at Ford, he had not engineered, designed or built any cars. He came from the defense industry. Previously, he had been employed with Boeing since 1969. At Boeing, he held a number of engineering and program management positions, making contributions to the Boeing...

Words: 1631 - Pages: 7

Autobiography of Alan May

...Alan M. May Professor Yorke Psychology Feb. 7, 2012 The Autobiography of Alan May First I would like to introduce myself briefly. My name is Alan Michael May and I am the son of Randy May and Kris May. I have four beautiful children and a beautiful and loving wife. My childrens names and ages are (starting from oldest to youngest) Dawson Chitwood – 10, Alan May II (refered to as A.J.) – 7, Easton May – 3, Khloe May – 22 months. My wife’s name is Sebrina Joy Chitwood (May) and she is 28. I will be taking you on a detailed journey into my life! I will start with my place of birth and briefly elaborate along the way on each of the points in my young life that I feel are most impactful on my current life situation. Next , I will take you on a rollercoaster ride through my teen years and into my young adulthood, high’s and low’s. I will close by taking you on a journey, as I find out that I am having my first child and making a big move that will impact the rest of my life, as I know it. Let’s begin with the year I was born. I was born in 1981 on December 23rd. My Mother Kris, and my Father Randy were only 18 years young. I was born at Whuestoff Hospital in Rockledge, FL. Rockledge is a proud little city that is about 20 minutes inland from Cocoa Beach. My mom has always had the warm memory of bringing me home from the hospital on Christmas Eve dressed in a red one piece and wrapped in a Christmas stocking. I don’t know what it is about that story but I...

Words: 3481 - Pages: 14

Alan Mulally, Ceo, Ford Motor Company

...ALAN MULALLY, CEO, FORD MOTOR COMPANY By Pamela Reynolds Strayer University Dr. John Muehl Leadership and Organizational Behavior – BUS 520 Date: [ February 22, 2011 ] INTRODUCTION This paper aims to discuss the leadership implemented in Ford Motor Company under the management of Alan Mulally and to discuss Ford’s performance improvement. I will also attempt to identify and assess Mulally’s leadership style.  “Ecclesiastes 9:11- I returned, and saw under the sun, that the race is not to the swift, nor the battle to the strong, neither yet bread to the wise, nor yet riches to men of understanding, nor yet favour to men of skill; but time and chance happeneth to them all.” From the early days of my professional life, I learned the significance of goals and objectives in the work place. Most importantly, I learned the importance of effectively communicating them to the people involved in the project(s) to ensure success for all involved. When employees understand the rules and what the goals are, they can not only complete the task but, they will enjoy what they are doing. Someone who enjoys their job will be much more productive than someone who is just trudging through the day doing what they are told. The most efficient organizations are those where individuals take personal pleasure in meeting the goals of the organization. The least efficient organizations are those where individuals don't really care anything about the organization's goals...

Words: 1516 - Pages: 7

Characteristics of Business Leadership: Alan Mulally

...This era has become very competitive and in order for organizations to be successful they need leaders to establish and manage relationships and lead their subordinates accordingly in order to achieve the company’s mission and objectivity. Leadership overall plays a very important role in the success of a company because the leader controls their subordinates behavior. If subordinates have uncertainties that are not directed accordingly it can result in an unhealthy environment, and in turn it will affect the growth of the organization, therefore good leadership is necessary. There are different leadership styles; a particular leader that will be discussed is Alan Mulally a CEO of Ford Motor. Alan faced many challenges and he impacted his business style on a corporate level as well as socially. Alan Mulally is one of greatest leaders, who managed business challenges effectively and because of his effectiveness he brought high profits to the organization. Mulally was an engineer in 1969. He handled various projects that were in relation to airplanes. One of Mulally’s greatest achievements was introducing the concept of “all digital” flight deck in the commercialized aircraft field. By 1993 Alan Mulally had had drastically climbed the ladder and became Vice President of Boeing. Alan Mulally was known to the commercial airline group as ‘Vice President of Engineering” (Biography: Alan Mulally 2011) Currently, Alan Mulally is the CEO and President of Ford Motors. Mulally...

Words: 1559 - Pages: 7