Friday, July 27, 2007

5 Tips from Alan Mulally for Taking On a New company in an Unfamiliar Industry

i read this from an article on wall st. journal.

5 Tips from Alan Mulally for Taking On a New company in an Unfamiliar Industry

1. deal with reality, and restructure accordingly.
2. talk to everybody - customers, dealers, employees, union leaders, supplliers, investors.
3. fine-tune the business plan every week - not once a year.
4. get all the players at the table.
5. encourage subordinates to disclose problems.

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