A Book Critique of:
" MOVE: Inside Nissan's Historic Revival"
by Carlos Ghosn
When Brazilian-born, French-educated child of Lebanese parents, Carlos Ghosn was named COO of Machine in 1999, the company was planning towards bankruptcy with a record loss of much more than $6 billion dollars in money year 99. In Switch, Carlos Ghosn recounts just how he obtained one of the most impressive turnarounds in automotive В– and corporate В– history.
Ghosn's Machine Revival Prepare (NRP) outlined seemingly extremely hard goals (1) return Nissan to economical stability inside 12 months; (2) reduce debt by 50% within three years; (3) enhance operating margins to four. 5% of sales in 3 years. Within eighteen weeks, Ghosn great executive committee successfully helped bring Nissan into the black and transformed the company back to the effective global auto manufacturer this once accustomed to be.
Carlos Ghosn gained his management rules and practices while increasing through the rates high at Michelin and Renault. Francois Michelin's openness to giving small executives great responsibility, his indifference for their origins, plus the attention he paid to facts instead of theories still left an marked impression around the young and ambitious Ghosn. Starting as a shift-team leader by Michelin's newest plant in Europe, Ghosn quickly transferred through the rates as basic manager of this factory at age 27; placed in charge of turning around Michelin's B razil operations while age thirty-one; and becoming the CEO of Michelin The united states at age 42.
Ghosn's attention to depth and ability to execute intricate cost-cutting strategies soon received him a reputation of " le cost killer". This reputation transported him through Renault's 20 billion price reduction strategy.
Main ideas offered in the book:
В•Leading change is never easy. It takes a dedicated head with the right combination of skills, surrounded by a committed execution staff to pull away change in the magnitude of Nissan's ancient revival. В•Ghosn's notion of management...