yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Why even CEOs need to ask for help: How Alan Mullaly turned Ford around | Dennis Carey | Big Think


2m read
·Nov 3, 2024

Processing might take a few minutes. Refresh later.

I think the most important part of any CEO running a major global corporation is to be on the ground in those geographies—to the extent that he or she is able to do so—and also to build a team, a trusted advisory team which is having ongoing communications.

A good case in point would be Alan Mulally at Ford when he took over in a very, very tumultuous time in the auto industry. He established his own War Room. Everyone on deck around the globe on screens around the world to weigh in on challenges, opportunities, and he had a grading system: green light, yellow light, red light.

Not too difficult to understand in concept. But he would go around and ask each one of the leaders around the world whether things were going really well, if there was a yellow light if there was some caution and a red light indicating that there were problems that needed to be addressed.

If someone, especially during the calamitous period of time that Ford was going through, if someone gave a green light, which we’re all prone to try to do especially near performance appraisal time, he would typically ding them by saying, “Wait a minute. We all need help. Nothing is ever perfect, so tell us how we can help you in a collaborative way around the world to support you.”

And by the fifth or sixth meeting, virtually everyone was giving yellow and red lights. And what that did was it forced employees, the senior executives from every corner of the globe to not be afraid to ask for help and to acknowledge that they needed help.

And the fear factor of the next performance evaluation went away because they recognized that if they were asking for help they would get rewarded. And in fact, over a period of time, this cross-cultural collaboration began to develop and grow.

And people, whether it be from China or Singapore or Malaysia, London, Hong Kong, Buenos Aires, Mexico City or New York City, they began to speak effectively with the same tone.

Now clearly, language is interpreted differently around the world so there typically would be at least a second or third translation of what was actually implied or meant in those discussions, but over time that team developed a sense, a bonded collaborative spirit and they were rewarded economically for working together...

More Articles

View All
Homeroom with Sal & Meaghan Pattani - Tuesday, July 7
Hi everyone! Welcome to the Khan Academy homeroom. For those who are wondering what this is, this is just a forum for all of us to stay together, especially since it was started when schools closed. Obviously, summer has arrived, and I announced that scho…
How to Build Better Habits
We all brush our teeth. I mean, I hope we do. At some point in our childhood, someone told us that it was really important for us to brush our teeth. And we believed them. We were convinced. Society from then on has largely embraced the act of brushing te…
Paul Ekman: Do We Want Liars in Our Lives | Big Think.
The most malevolent application of my work would be for people to learn how to not get caught when they perpetrate serious lies. How to actually become better at lying. In most interactions we have with other people, we seek honesty. In fact, on most of t…
Advantages Of A First-Time Founder
First-time founders can actually take more risk on the ideas that they pick because they don’t have other startup friends, or they don’t care as much. They’re just working on stuff they find interesting. I love that they have nobody to impress, basically.…
7 STOIC STRATEGIES TO MASTER YOUR EMOTIONS | STOICISM INSIGHTS
Welcome back to Stoicism Insights. Today, we’re diving into something truly special. Have you ever wondered how ancient Stoic philosophy can guide us through life’s toughest challenges? Well, get ready because we’re about to uncover seven profound Stoic l…
Kevin O'Leary Rates Brooklyn Dumpling Shop's Finest | Chef Wonderful
[Music] That’s what I’m talking about. Hey, Chef Wonderful here, and I want to talk about dumplings. Yes, I love dumplings, and I think they are just the most amazing food. They bring so many cultures together. It’s such a healthy snack, or you can be dec…