Why Ford's CEO is Seeing Red | Summary and Q&A

TL;DR

Mark Fields is a result of Alan Mulally's cultural transformation at Ford, with a leadership style based on transparency and accountability.

Key Insights

• 😫 Mark Fields' leadership style aligns with the transparency and accountability principles set by Alan Mulally at Ford.
• 🤨 Fields' willingness to raise issues regardless of personal consequences demonstrates his commitment to the company's success.
• ❓ Boeing's problems with the Dreamliner can be attributed to their abandonment of Mulally's management system, highlighting the importance of maintaining such systems.
• ❓ Alan Mulally's cultural transformation at Ford has had a significant impact on the company's success.
• 🤗 Mulally's emphasis on open communication and collaboration has created a positive work environment at Ford.
• 🚀 The story of Mark Fields' transparency during the Ford Edge launch illustrates the effectiveness of Mulally's management system.
• ❓ Ford executives should learn from Boeing's mistake of deviating from Mulally's system to ensure the continued success of the company.

Transcript

Alan malali is staying on as CEO through 2014 and you know the the oddson favor to succeed him is Mark Fields who's the chief operating officer what is Mark Field's leadership style like and to what extent do you think he's going to be able to maintain this new and improved culture Chris I've know Mark for for for a long time before Allen's name wa... Read More

Questions & Answers

Q: What is Mark Fields' leadership style like?

Mark Fields embodies the transparency and accountability principles that Alan Mulally implemented at Ford. He embraces a culture of open and honest communication and encourages employees to speak up about any issues or challenges, fostering a collaborative environment.

Q: How did Mark Fields prove his commitment to transparency?

During a presentation, Mark Fields raised a red flag about a problem with the launch of the Ford Edge, despite knowing it could have jeopardized his job. This demonstrated his willingness to prioritize the company's success over personal gain and earned him respect from Alan Mulally.

Q: Did Mark Fields face consequences for raising the issue about the Ford Edge launch?

Surprisingly, Mark Fields did not face any consequences for raising the issue. Alan Mulally applauded Fields' honesty and commended him for displaying great visibility. This incident further solidified Fields' trust in the company's leadership and proved his commitment to the new management system.

Q: Why is there criticism towards Alan Mulally regarding the Dreamliner issues at Boeing?

Some people blame Alan Mulally for the issues with the Dreamliner because it was a project he worked on during his time at Boeing. However, the problems with the Dreamliner are not due to Mulally or his management system but rather Boeing's shift away from his system after his departure.

Summary & Key Takeaways

• Mark Fields is the Chief Operating Officer at Ford and the likely successor to Alan Mulally as CEO.

• Fields embodies Mulally's cultural transformation at Ford and was the first to adapt to the new management system.

• Fields demonstrated his commitment to transparency and accountability by raising a major issue during a presentation, earning Mulally's admiration.