Lee Iacocc An American Businessman Known For Engineering The Ford Motor Company

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Lee Iacocca is an American businessman known for engineering the Ford Mustang and Ford Pinto cars. He was born on October 15, 1924 in Allentown, Pennsylvania, United States.He was a President and CEO of Chrysler from 1978 and also a chairman from 1979, until the end of 1992.He graduated from Allentown high School in 1942, and Lehigh University in neighboring Bethlehem, Pennsylvania, with a degree in industrial engineering. He also took his electives in politics and plastics from Princeton University.

Iacocca began a career at the Ford Motor Company as an engineer. Iacocca joined Ford Motor Company in August 1946. Iacocca served as president of Ford between 1970 and 1978, cutting costs, streamlining …show more content…

Jaques E. & Clement, 1994 defined leadership as, “the process in which one person sets the purpose or direction for one or more other persons and gets them to move along together with him or her and with each other in that direction with competence and full commitment”.

According to Nicole Fallon in Business News Daily on December 10, 2014, “Leader is someone who brings people together and guides them toward a common goal. Anyone can tell others what to do, but effective leadership requires much more than the ability to assign tasks to a group.”
Although the goal is one, the ways to achieve the goals may vary. They may depend upon characteristics, skills and vision of the leader


Great Leaders know they are not good at everything and accept the truth that delegation is required.They respond by hiring skilled professionals to address the deficiencies in team and strengthen the capacity of team.Iacocca demonstrated goodwill by taking a nominal salary as he asked for union concessions to cut operating costs. Iacocca also built customer trust with his marketing mantra, “If you can find a better car, buy it.”The best leaders not only develop their teams, but they also share the publicity and rewards of successes with their teams.Training and mentoring are vehicles through which leaders utilize trust to develop the potential of their teams.The follower must trust the leader to impart knowledge in a way that is beneficial and

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