Ghosn has set new trends of leadership style by turning around three different companies with his dynamic strategies and convincing negotiations. The article narrates strategies and leadership styles of Carlos Ghosn, and the turnaround experiences of the organizations concerned.
Ghosn has set new trends of leadership style by turning around three different companies with his dynamic strategies and convincing negotiations. The article narrates strategies and leadership styles of Carlos Ghosn, and the turnaround experiences of the organizations concerned.
Carlos Ghosn, CEO of Nissan Motors has claimed the Automotive News' Industry Leader of the Year award for 2003. This is the third time that Ghosn is winning the award; he had claimed the award twice earlier, in 2000 and 2001. Ghosn was also named as Asia's businessman of the year 2003 by Fortune. He was the man behind one of the most astonishing corporate turnarounds in the world-Nissan Motor Company Limited. Before Ghosn joined, Nissan had experienced losses for eight successive years. In the fiscal year 2000, Nissan posted an annual loss of $5.5 bn. The company had a debt of approximately $22 bn.
Ghosn, before joining Nissan, took a pledge that if he were not able to turnaround the company within three years of his joining he would resign. Ghosn being a non-Japanese, the task was seemingly very tough for him. By the dint of his dynamic leadership and well-planned strategy for revival, he brought about a miraculous turnaround in the company, much before the stipulated deadline. Ghosn was responsible for bringing about a cultural shift in the business practices at Nissan. He took the initiative of breaking the old, traditional and obsolete practices of the company. |
