Carlos Ghosn led turnarounds of both Renault and Nissan after being appointed their CEO. When he joined Nissan in 1999 as COO, the company was struggling with high debt, weak products, and lack of coordination. He cut over 20,000 jobs, closed a plant, and reduced debt. By 2001 when he became CEO, net profits had climbed to $2.7 billion from a loss of $6 billion. Ghosn emphasized respect for Japanese culture, transparency, communication, and encouraging innovation to successfully lead the companies' transformations. His success earned him the nicknames "Mr. Fix It" and "le cost killer."
3. "I think that the best training a top manager
can be engaged in, is management by
example."
Carlos Ghosn
4. Nissan Before
Nissan Struggle:
● Focus on Production.
● Weak Product Portfolio.
● Lack of vision.
● Communication and
coordination problem.
● $20 billion Debt.
● Only 3 out of 48 models
generating profits.
5. ● COO 1999
● CEO 2001
● He cut 21,000 Nissan
jobs.
● shut one plant.
● auctioned off
Nissan's aerospace
unit.
● net profit climbed to
$2.7 billion from a
loss of $6.
Nissan After Ghosn
6. Japan, Nissan and the Culture
Carlos Ghosn:
"if you have to work and do something
significant in a country it is much easier if
you connected with the country and the
culture."
8. "Every problem has a solution"
"It’s easier to improve a company in trouble than a
company with an average performance"
"you learn management by doing and nothing is as
instructive as highly stressful situations. "
Carlos Ghosn
10. "Control is not leadership; management is
not leadership; leadership is leadership. If
you seek to lead, invest at least 50% of your
time in leading yourself—your own purpose,
ethics, principles, motivation, conduct.
Invest at least 20% leading those with
authority over you and 15% leading your
peers"
Carlos Ghosn
11. Team
Management
he believed a leader must
make sure that the work
force knows how much
they have contributed to
the goals.
12. Transformational
he believed that leaders
are not born they are
developed by other
leaders. That’s why he
support his followers and
put them in challenging
situations to shape their
skills.
14. "You have to listen to the people who have a
negative opinion as well as those who have
positive opinion. Just to make sure that you
are blending all these opinions in your mind
before a decision is made."
Carlos Ghosn
16. "Commitment This is my favorite word
because in some way, people who are
committed are always much more interesting
and much more reliable, and much more,
I would say, deep than people who are not."
Carlos Ghosn
17. Why Ghosn Succeed
● Respecting Japan's
Culture.
● Offering Job
Opportunities.
● Encourage innovative
ideas.
● Share the power
● accept participation in
Management process