Brief Introduction of Leader
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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In May of 1968, the Ford Motor Company, based upon a recommendation by then vice-president Lee Iacocca, decided to introduce a subcompact car and produce it domestically. In an effort to gain a large market share, the automobile was designed and developed on an accelerated schedule. During the first few years sales of the Pinto were excellent, but there was trouble on the horizon.
“Coming together is a beginning, staying together is progress, and working together is success.” Said Henry ford. Henry ford was the father of many things including the Ford Motor company. He also had a childhood of tinkering and building things. He also had many impacts on the car manufacturing of today. Henry Ford’s childhood was an interesting one.
Ever wonder how cars or car companies came about? Henry Ford was instrumental in that process. He was good at fixing things and could even repair watches. He was born on July 30, 1863 and grew up on his parents farm in Michigan.When he was 13, Henry watched a machine saw wood and that is when his inspiration began. A steam engine gave the saw machine its power so he wanted to build that kind of machine, too. Henry Ford is considered a revolutionary figure in the U.S because of his car company, Ford Motors.
Henry Ford was an inventor at a young age. At 15 he reassembled his pocket watch his father gave him. He was an immigrant. The Ford’s didn’t grow up rich, they worked to help support their five children. Henry had always been dreaming of gasoline engines. So after earning his engineering degree in 1891. Ford became an engineer with the Edison Illuminating Company hoping to support his family. After his devotion, time, and effort to the company in 1893, he was promoted to chief engineer. His dream had finally come true, he finally had earned enough money to experiment with gasoline engines. Exited he came home to tell his family, soon he would be working out of the family's garage. Pounding his head at 25, wrinkling up papers, Henry Ford
Henry Ford was an American Industrialist, the founder of the Ford Motor Company, and the sponsor of the development of the assembly line technique mass production. Henry Ford was born July 30th 1863. Henry was born in an urban environment, on his family’s farm in Greenship Town, Michigan. Henry has 4 siblings by the name of Margaret Ford, Jane Ford, William Ford, and Robert Ford with Henry being the Oldest. In his early Teens, Henrys father gave him a pocket watch that meant a lot to him. Later, at the age of 15 Henry gained the reputation of a watch repairman. He organized other boys to build rudimentary water wheels. At the age of 20, Henry had to walk miles and miles just to get to church which he attended every Sunday morning. After his
Henry Ford was born on July 30th 1863, to his father William Ford and mother Mary Ford on a farm in Greenfield Township, Michigan. His father was born in County Cork, Ireland, to a family that was originally from Somerset, England. His mother, Mary Ford grew up in a small town in Michigan. Needless to say the elders had strong small town and strong family values. Ford’s father would give him pocket watches in his early teens just to mess around with. At 15, Ford dismantled and reassembled the timepieces of friends and neighbors dozens of times, which granted him the reputation of a watch repairman and entrepreneur around his neighborhood. Ford was devastated when his mother passed away in 1876. His father expected him to take over the family
On July 30th, 1863, a man by the name of Henry Ford was born. This man was no ordinary man. For little did he know, he would change the manufacturing industry for many years to come. This man would grow up and work many jobs, but be best at one of them. This job was his creation of the Ford Motor Company, where he put in place the use of the assembly line.
But he did know what Henry Ford wanted done. And he did it. Bennett's power came from Henry. The only person who might have had the power to stop Bennett was Henry's son, Edsel, who was president of the company. But Edsel himself was fighting Henry and his unwillingness to change. Bennett's power in the company continued to grow. His violence against the union of automobile workers also grew. The Ford Motor Company did not agree to negotiate with the union until 1941. Henry Ford accepted an agreement. If he had not, his company would have lost millions of dollars in government business. In 1943, Edsel Ford died. With Edsel gone, Henry again became president of the Ford Motor Company. It was difficult to know if Henry or Harry Bennett was running the company. America was at war. And Henry was eighty years old, too old to deal with the problems of wartime production. And Bennett knew nothing at all about production. So Henry's grandson, also Henry Ford, was recalled from the Navy to run the company. Young Henry's first act was to dismiss Harry Bennett. Old Henry Ford retired from business. His thoughts were in the past. He died in his sleep in 1947, at the age of eighty-three. Henry Ford was not the first man whose name was given to an automobile. But his name, more than any other, was linked to that machine. And his dream changed the lives of millions of people. Some still wonder if Henry Ford was a simple man who seemed difficult or a
Imagine being the one responsible if a car breaks down, or if a fatality happens due to an automotive malfunction, or being the cause of a company going into debt and eventually going bankrupt. All of these factors were reoccurring fears in Lee Iacocca’s life, but he never backed down. He continued moving about life strong and living off of his own saying, “If you can find something better, then buy it,”! If he had any doubts, he sure didn’t show it. Lee Iacocca should be entitled to a national day of recognition on April 17th for his leadership skills, his expertise in the business world, and his innovativeness.
Henry Ford II, the son of Edsel and grandson of Henry Ford was the president of the Ford Motor Company from 1945 1960 and was also the chairman and CEO from 1960 to 1979. The company and bookkeeping was in disarray when Henry Ford II took over. Henry Ford II managed to transform the company into a disciplined organisation with the help of ten former US Army Air Force officers with the nickname of Whiz kids.
Henry Ford was born on July 30th, 1863 on a farm in Dearborn, Michigan, and 83 years later he died there too. Ford’s interest in mechanics was sparked after he was gifted a pocket watch. As he taught himself to fix watches, he learned the rudiments of machine design. He was always taking apart and reassembling watches
In 1971 Ford Motor Company introduced the American consumer to the new Ford Pinto. The car was developed to compete with the smaller foreign vehicles. CEO Henry Ford II promoted Lee Iacocca to President of the company for his innovation to enter this market. Ford rushed the Pinto into production even after it failed several crash tests (Trevino & Nelson, 2014). The vehicles were found to have a faulty fuel tank that exploded with a low speed impact. Engineers of Ford tried several ways to remedy this but due to the short productions schedule it was determined it would be too costly and delaying production was not an option.
After his promotion to Chief Engineer in 1893, he had enough time and money to devote attention to his personal experiments on gasoline engines. In 1896, Ford attended a meeting of Edison executives, where he was introduced to Thomas Edison. Edison approved of Ford's automobile experimentation. Encouraged by Edison, Ford designed and built a second vehicle, Completing it in 1898. Backed by the capital of Detroit lumber baron William H. Murphy, Ford resigned from the Edison Company and founded the
Henry Ford remains variously acclaimed for obligating conceived the interior of the combustion engine, created the automobile, and developed the assemblage line. He didn’t prepare any of these three; however, he did make conceivable the Model T — the car that “placed America in control” — which scripts its anniversary this fall.
Lee Iacocca is a businessman in the American automobile industry. He progressed up the ranks at Ford Motor Company to ultimately become its president in 1970. He is credited with such automotive hits as the Mustang and the Lincoln Mark III. He was fired by Henry Ford in 1978 due to personal differences. Chrysler Corporation was in a state of near bankruptcy in 1979 and called upon the leadership and expertise of Lee Iacocca to help save the company. Through his toughness and perseverance, he saves the Chrysler Corporation and in the process, millions of American jobs.