CEO Paper Essay Example | Topics and Well Written Essays - 2500 words

CEO Paper - Essay ExampleIacocca had adequately displayed through his actions that he is a fair moreover firm manager that he assumes full right for his actions that he is an optimist who seeks opportunities in the face of overwhelming businesss that he goads his managers into maintained discipline by requiring them to face the problem and make tough decisions and finally that he is a leader as well as a manager. Iacocca admits to some miserablecomings, such as giving in to the pressure of union demands in fear of bankruptcy, but there is no perfect executive. For all intents and purposes, Iacocca has demonstrated that he embodies the tenets of Henman, Drucker, Kotter, and Heifetz and Laurie. The theories are therefore validated, in so far as concerns the leadership style of Lee Iacocca. ... Iacocca was known for discontinuing certain models in favor of what morose out to be best sellers, namely the Mustang, the minivan, the Jeep Grand Cherokee, and the convertible Le Baron (Nul ty & De Llosa, 1993 Taylor & Schonfeld, 1992). The sideline discussion explores the leadership style of Lee Iacocca, and how he manifests the leadership principles described by Henman, Drucker, Kotter, Heifetz and Laurie. F2 Leadership (Linda Henman, 2011) F2 is short for firm but fair leadership, meaning that the executive treads the middle ground between relationship behaviour on the one hand, and task accomplishment on the other (Strategy Driven, 2011). Evidence of Iacoccas sense of lividness is his pronouncement when he first took over Chrysler that he would accept only $1 as his allowance which the company was in distress, until such time as Chrysler would have recovered and been stewarded back to a firmly stable growth path. Iacocca admitted that as chairman, he was persuaded to give in a bit too a great deal to the unions, and it showed weakness on his part. I was part of that (giveaways to union contracts). You always knuckled under because if you took a 2-week strike in the old days, it could bankrupt youBut they really had you.. You cant pay a janitor $50 or $60 an hour to sweep the floor. Thats a little wacko (Iacocca, quoted by Smith, 2006). However, when tough decisions had to be made, the Chrysler CEO did not balk. In order to save Chrysler from bankruptcy, Iacocca had persuaded the Federal government to extend to it a $1.5 one million million loan guarantee in 1980. In 1983, seven years before its deadline, the company had fully paying off all federally backed loans. How Iacocca did this was by making some very difficult