Chrysler's turnaround story
Ever wondered why DaimlerChrysler is keeping it's cool despite the onslaught of lay-offs in the automotive industry? This Fastcompany article which detail lessons derived about Chrysler's management and philosophy might hold the answer.They started by asking themselves what were the qualities that made them so great during the crisis situations they faced in the last few decades, and tried to figure a way to bring those qualities into the good times. Talk about positive organizational scholarship...
http://www.fastcompany.com/magazine/98/chrysler.html?partner=rss
On leadership:
"By contrast, Zetsche depends on a team of executives, including LaSorda and Creed, to make decisions together even in the good times. And instead of assuming he knows what's best, he has spent a huge amount of time getting to know the company he leads by learning about its history."
On discipline and perfection:
"Apply intensity to every nut and bolt in the car."
On product focus:
"stay focused on the consumer, not the competitor"
And the one lesson that made me go, "hmm...good point!" :
"creativity actually occurs when the boundaries are defined, not when they are limitless."
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