18 Months in Crisis Mode

So here are some lessons from a Leader guiding his company through crisis for a little over a year now, and getting some traction.
A partial list of what Alan Mulally inherited when he took the CEO job at Ford in the Fall of 2006 – the “Brutal Facts:”
* A divided company, actually a lot of different companies under one roof, each with a leader going in a different direction
* Tight cash flow with a real risk of running out altogether
* A built-in $3,400 expense premium on every finished product based on onerous labor costs
* Complexity of business systems that predecessors had been unable to untangle
* Infighting and turf wars among his direct reports
* Lots of elaborate plans (marketing, manufacturing, sales, product) followed by poor execution
* A talented and dedicated team of workers (the problems lay mostly with management, not the workers!)
At lunch last week in Charlotte, home to big banks reporting record losses, my friend sat down and said, “Well, at least we can celebrate Ford’s good news.”