Pygmalion in Management by J. Sterling Livingston Harvard Business Review Reprint 88509 Harvard Business Review Subscription Service P.O. Box 52623 Boulder‚ CO 80322-2623 Telephone: U.S. and Canada (800) 274-3214 Outside U.S. 44-85-846-8888 Fax: (617)496-8145 American Express‚ MasterCard‚ VISA accepted. Billing available. Harvard Business Review Operations Department Soldiers Field Boston‚ MA 02163 Telephone: (800) 545-7685 Fax: (617)496-8145 Inquire about HBR ’s custom service for quantity
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This coming from the President of Ford Company (Lee Iacocca Biography) Lee Iacocca at the time
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UV0085 Version 2.2 CHRYSLER CORPORATION: NEGOTIATIONS BETWEEN DAIMLER AND CHRYSLER In January 1998‚ Jürgen Schrempp‚ CEO of Daimler-Benz A.G.‚ approached Chrysler Corporation’s chair and chief executive officer (CEO)‚ Robert Eaton‚ about a possible merger‚ acquisition‚ or deep strategic alliance between their two firms. As Schrempp argued: The two companies are a perfect fit of two leaders in their respective markets. Both companies have dedicated and skilled work forces and successful products
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Chrysler was founded in 1925 and it has had a joyous history. Being the third-largest of Detroit’s auto companies it was especially known for its development in well-engineered cars the years after World War II. As of the last three decades it has been experiencing both highs and lows. The unlikely union of Chrysler and Fiat to me seemed to be a bigger mistake than that of the Chrysler and Benz merger (" daimler‚ chrysler‚" 2008). Fiat took control of Chrysler after it emerged from its government-sponsored
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Corporate Culture The culture of an organization is the set of values‚ beliefs‚ behaviors‚ customs‚ and attitudes that helps its members understand what the organization stands for‚ how it does things‚ and what it considers important"(Griffin‚ 49). In other words‚ "the way things work around here" (Dr. Williams). In order for any small business or large corporation to be successful‚ the employees must understand what is expected of them. While things might be slightly different in a large corporation
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Running Head: ENGINEERING Engineering Issues and the Ford Pinto Major Walker‚ III Troy University The Ford Pinto was first introduced to the North American market in 1970. The Pinto was introduced primarily to compete in the small car market with where Volkswagen dominated. The way the Ford Pinto was designed tragically left rear-ends accidents up in flames. This is because the gas tank was positioned in between
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Sergio Marchionne is well known for taking over struggling car companies and turning them around. His most recent endeavor was becoming the CEO of Fiat and Chrysler. His business idol‚ Steve Jobs‚ who much like himself‚ took a struggling computer company and turned it into a company that continues to change the way we live and communicate today. It is no surprise that Sergio’s idol is a transformational leader who had similar goals and charisma. Micromanagement One of Sergio’s early efforts
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AHMED SULEMAN ID – 1033046 COURSE – PROFESSIONAL ETHICS CASE STUDY THE FORD PINTO Q1.What moral issues does the pinto case raise? The moral issues raised in Pinto case are that business should not put a value on human life and avoid known dangers. As ford thought they could get away with a dangerous automobile by paying off those lawsuits from people who were injured and the families of the dead. Ford thought it was more cost effective not to fix the
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In 1968 Lee Iacocca and the Ford Motor Company wanted to produce a inexpensive vehicle to appeal to the first time buyers market. Mr. Iacocca philosophy was for consumers to remember Ford as the very first vehicle that they owned so that when it was time for them to invest in another vehicle it would be a Ford. But‚ in order for Ford to develop a inexpensive vehicle to fit the philosophy of Lee Iacocca‚ they had to cut corners. Unfortunately‚ the one corner they cut was the placement of the fuel
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The Ford Pinto Project The Ford Motor Company has been the leading car company for many decades. In the late 1960’s early 1970’s the company was losing the battle with Japanese with the small efficient cars. Lee Iacocca‚ Chief Executive Officer the Ford Motor Company wanted a car that will be competitive to these Japanese compact cars. With this intention in mind‚ the company wanted to manufacture a sub-compact vehicle that weighs less than 2‚000 pounds and costs under $2‚000. The result is
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