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Rapid Transformation A 90 day plan for fast and effective change 2009-05-13T02:06:39Z WordPress http://www.90daystransformation.com/blog/?feed=atom Behnam <![CDATA[Where are those few good men & women?]]> http://www.90daystransformation.com/blog/?p=13 2009-05-13T02:06:39Z 2009-05-13T01:03:31Z Why can’t we have more people like Alan take charge of ailing GM and unhealthy banks?
Here is more about Alan Mulally:
http://money.cnn.com/2009/05/11/news/companies/mulally_ford.fortune/index.htm?postversion=2009051110

]]> 0 Behnam <![CDATA[Leadership Matters: Auto Industry]]> http://www.90daystransformation.com/blog/?p=12 2009-05-13T01:15:25Z 2009-05-13T00:55:50Z Do you know which company has a higher market valuation? GM or Ford? Most people think its GM. Well, with today’s stock price, Ford’s market valuation ($12.01B) is over 17 times GM’s ($702M)! So far GM has borrowed $13.4b from government, while Ford has not borrowed a dime!

For Ford the Rapid Transformation was launched in Sept. 2005 by Alan Mulally, Ford’s newly appointed CEO and former top executive at Boeing. Alan worked under Jim McNerney, CEO of Boeing, for 14 months before joining Ford. Jim has led two successful Rapid Transformations: 3M & Boeing. I have studied both 3M & Boeing’s transformation and both are great examples of principles of Rapid Transformation I talk about in my book.

On a side note, during the San Mateo Chambers keynote speech to 300 private & public Silicon Valley leaders, someone asked me who was my favorite business CEO is and I said Jim McNerney, since he has done successful rapid transformation in 2 very different industries and is quite soft spoken & does not enjoy the limelight.

I believe 14 months working for McNerney prepared Alan Mulally for the tough job at Ford, and he has done an outstanding job. I am still in disbelief that the newly appointed GM CEO, Fritz Henderson, is an insider. As GM is headed toward bankruptcy, many suppliers could potentially get hit, which is going to be a big challenge for Ford. But, I know that Ford is led by a competent CEO and leadership team.

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