Description
4-6 page paper in APA format profiling a leader in business including a discussion of (1) context for the leadership; (2) what was being led; (3) description of individual’s leadership qualities and (4) personal lessons learned from studying this leader. The paper should follow the APA format and include at least 3 academic citations. The 3 required citations should be used to relate academic research on leadership to information on this leader. Additional citations may be required for information gathered on the leader..
Explanation & Answer
Attached.
Management Leadership Profile - Outline
Management Leadership Profile
A. The Ford Motor Company Background
B. Leader's Profile
C. The Ford Motor Company Leadership Context
D. The Turnaround Process
E. Leadership Qualities
F. Lessons Learnt
Running head: MANAGEMENT LEADERSHIP PROFILE
Management Leadership Profile
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Institution
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MANAGEMENT LEADERSHIP PROFILE
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Management Leadership Profile
The Ford Motor Company Background
Ford Motor Company is an American multinational in the automotive industry located in
Dearborn Michigan in Detroit. The company was founded by Henry Ford which explains the
name behind the brand. The firm sells automobiles, commercial and luxury vehicles under the
Ford brand. Ford Company Motor Most of the luxury cars produced by the company are under
the Lincoln brand. The company's operations are carried out over vast regions such as Africa,
Europe, East and Southern Asia, South and West Asia, South America and North America. The
company represents a $164 billion empire in the automotive industry. The Firm not only
manufactures cars but also extended its services to Ford credit which brings in $3 billion in
annual income, and additionally the company runs the largest corporate car rental under the
Hertz Corporation.
Leader's Profile
The company has experienced tremendous success while under the leadership of Allan
Rodger Mulally as the CEO. Allan Rodger Mulally educational background is in engineering. He
also has management experience as a business executive and has served as Ford's CEO from
September 2006 until his retirement in the year 2014. Before joining the Ford Motor Company
Mulally served as the executive vice president of Boeing Company and later as President and the
Chief Executive of Boeing Commercial Airplanes. During this period, Mulally was responsible
for the airplane commercial programs and related services. Mulally also worked for Boeing
Information Space and Defense Systems as the president and late as a senior vice chairperson of
the Boeing company (Ford Motor Company, 2014). He has experience in managing the defense
space and government business. Through his career years, Mulally has been recognized for his
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outstanding leadership skills. Fortunes have ranked him before as the third "World Greatest
Leaders" list. Barrons Magazine recognized him as one of the 30 "World Best CEOs), the
Automotive Magazine also recognized him as the "Industry Leader of the Year" and the Time
Magazine recognized him as "The Chief Executive of the Year". His vast knowledge experience
and expertise best placed him to effectively turnaround the Ford company from its 2006 crisis.
Allan Rodger Mulally has also been honored in the American for Quality and has been
recognized for excellence in executive leadership for quality.
The Ford Motor Company Leadership Context
The Ford Motor Company in 2006 suffered massive losses in 2006 which led to
significant erosion of its shares in the U.S. automotive market. The loss reported in 2006 was
$12.7 billion the highest it has ever recorded. In one-quarter alone, the company losses were at $
5.8 billion (Bunkley, 2007). The revenue generation in 2006 of $ 160.1 billion was lower than
the sales for 2005. The company losses reported in 2006 were attributable to the costs of
shrinking and reorganizing the company, writing down the values of assets as well as buying out
workers from the organizations (Bunkley, 2007). The expenses incurred for the processes formed
$9.9 billion of the full year loss after taxes. The daily operations of the company were
significantly affected by the declining revenue generations and the losses in the continued losses
in the enterprise. It is at this point that Allan Mulally joined the company to lead and transform it
from a loss making entity into a profitable business. The turnaround process for Ford Motor
Company success is accredited to the leadership of Mulally.
The Turnaround Process
Upon joining Ford, Mulally first initiative was to lead the organization through an
aggressive restructuring process that ensured they operated at sufficient levels with lower
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volumes and product mix that better-served customer demand for more fuel efficient vehicles.
The restructuring process entailed downsizing of the workforce, and this was done through
employee buyouts, early retirement packages, and retrenchment. The company had to work on
exiting a significant portion of its workforce which consisted of about 30,000 employees. The
CEO also had to have a negotiation to offer competitive packages for its executive to avoid the
risk of losing them from the business which represented a loss of knowledge skills and technical
expertise which are fundamental for the success of the company's transformation process.
Mulally ...
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