Wednesday, December 25, 2019
Alan Mulallyââ¬â¢s Restructuring of Ford Motor Company
MGT 504 Management Organizational Behavior Case Study Alan Mulallyââ¬â¢s Restructuring of Ford Motor Company Alan Mulallyââ¬â¢s Restructuring of Ford Motor Company Case Study Alan Mulally received an opportunity to turn around one of the most famous brand names in the United States. Ford was struggling; losing more than 12.7 million in 2006 (Nelson p558) and desperately needed a change. Alan Mulally took the challenge, and stated he would do what many thought was impossible at the time ââ¬â make Ford profitable. He did just that. Mulally knew Ford had issues and the first step was to identify those structural issues. The issues included a wide variety of models and styles of automobiles. A work force that was not collaborating orâ⬠¦show more contentâ⬠¦By closing the gaps in the global operations, putting accountability in place and delivering on what customers wanted, One Ford and Mulally have been a success. Mulally had the vision, understanding of the contextual variables, and the ability to compile it into an organizational design. This was the backbone of his success. Mulally is aware that succession planning is the key to Fordââ¬â¢s overall strategy and tactics and has announced his successor COO Mark Fields (Taylor). One really needs to understand what Mulally really accomplished with One Ford fourpoint business plan. He was able to keep Ford out of the bailout and focused on growth and opportunity. He brought a company that looked doomed for Government ownership into profitability and succes s, and is still one of the leaders in the industry. Mulally might have said it best when he said, ââ¬Å"But we stuck with the plan, we stayed on the plan, and weââ¬â¢re very pleased that today we have a foundation now.â⬠ââ¬Å"Not only have we fixed the fundamentals of the business, but we kept investing in the product.â⬠This type of leadership and message can only encourage everyone around him. Mulallyââ¬â¢s business cards read, ââ¬Å"One Team âË⢠One Plan âË⢠One Goalâ⬠and that sums up a power strategy and something from which all leaders should learn. Works Cited Henry, Jim. Engineering a Comeback. n.d. Success.com. 10 1 2013 . Hochleutner, Mike. Ford CEO, Alan Mulally, on remarkable turnaround: It took leadership, courage, andShow MoreRelatedThe Turnaround Ford Motor Company1684 Words à |à 7 PagesFord Motor Company was launched in a converted factory in 1903 with $28,000 in cash from twelve investors. It would go on to become one of the worlds largest and most profitable companies. It is one of the largest family-controlled companies in the world and has been in continuous family control for over 100 years. Ford Motor Company is an American multinational corporation and the worlds third largest automaker based on worldwide vehicle sales. 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