Alan Mulally is probably one of the best turnaround CEOs of our time. He saved Ford Motor Company, making it succeed through one of the worst moments for the automotive industry in recent history. Before that, Mulally helped overhaul Boeing and even though he didn’t make it to CEO there, he sure proved that he knew how to get a multinational corporation back on track.
Since a lot of people seem to think that Microsoft is applying the successful formula to renew itself, I decided to read the book “American Icon: Alan Mulally and the Fight to Save Ford Motor Company“, which explains how Mulally did it.
Here is what I learned from him.