This case study examines top leaders in Fortune 500 companies. It identifies Don Peterson of Ford, Lee Iacocca of Chrysler, and Jack Welch of General Electric as the top three leaders. The majority of leaders surveyed did not believe there was a leadership crisis in the US, but some pointed to issues like a short-term focus, lack of investment, and inability to compete globally. Two-thirds of respondents thought leadership can be taught, but acknowledged innate qualities are also important for leadership.
This case study examines top leaders in Fortune 500 companies. It identifies Don Peterson of Ford, Lee Iacocca of Chrysler, and Jack Welch of General Electric as the top three leaders. The majority of leaders surveyed did not believe there was a leadership crisis in the US, but some pointed to issues like a short-term focus, lack of investment, and inability to compete globally. Two-thirds of respondents thought leadership can be taught, but acknowledged innate qualities are also important for leadership.
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This case study examines top leaders in Fortune 500 companies. It identifies Don Peterson of Ford, Lee Iacocca of Chrysler, and Jack Welch of General Electric as the top three leaders. The majority of leaders surveyed did not believe there was a leadership crisis in the US, but some pointed to issues like a short-term focus, lack of investment, and inability to compete globally. Two-thirds of respondents thought leadership can be taught, but acknowledged innate qualities are also important for leadership.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPTX, PDF, TXT or read online from Scribd
Introduction This case study mainly deals with the global leaders.It gives us good picture of leadership qualities that the successive leader should posses. Summary In this case study 206 CEO respondants from Fortune 500 and service 500 companies, identified 3 top leaders Don Peterson at Ford, Lee lacocca at Chrysler and Jack Welch at General Electric.The majority of leaders questioned felt that there is no leadership crisis in US, another leaders pointed out that the ineffectiveness of managers in competing in the global market, excessive focus on short-term results, often at the expense at the expense of long-term company health and the lack of investment in plants. 2/3 of respondants thought that leadership can be taught . But there was also the realisation that latent leadership qualities have to be foundation for leadership. Analysis Qualities of good leader. Wide coverage because identified by Fortune. For emerging entrepreneurs to be good leaders. Difference of opinion so cannot be accurate. Questions & Answers Who were the top leaders identified in the survey? Why do you think they have been effective? The top leaders identified in the survey is Don Peterson at Ford, Lee Lacocca at chryslar & Jack welch at General Electric. They are effective Because, 1. Listeners- They take time listen to the suggestions concerns of those they endaevour to lead. 2. Encouragers- They encourage others and help bring out their best. 3.Assertive- They tell the truth as they see it openly & frankly. 4.Decisive- They know what needs to be done and they make timely , difficult decisions when necessary. 2. What Were the leadership characteristics identified by Fortune? How far do you agree with the seven statements about the characteristics? The leadership characteristics identified by Fortune as follows. 1. Trust in Subordinates is the foundation for delegating authority. 2.Leadership must provides a vision for the enterprise and inspire others to commit to his vision. 3.Leadership must take command in times of crisis. 4.Taking risk is a part of business. 5.need to be very competent in the fields and command the respect of employees. 6. A top executive Surrounds by ‘Yes sayers’ will get a wrong picture of what is going within and outside the organisation. 7.Effective leaders simplify complex situations and problems. They also see and understand big picture. In addition to above qualities a good leader should have 1.Passionate- Good Leaders are not Passive in whatever they are usually extremely passionate in whatever they are doing whether it is sports or business leaders are extremely focussed and some of them are even concerned by their passion. 2. Compassion- They have compassion for their followers.They are not selfish people who only think about their own needs and luxuries they also have heart for the people under them as well. 3. Charismatic- They are attractive people and they draw people to them by their shining personalities. It can be by Speak. 4.Integrity- They are people who keep their promises and they dont play the two-faced political game that a lot of others do. 5. Discipline- Good leaders are extremely disciplined in their pursuit of their goals. 3.Do You think the leadership skill can be taught? Give arguments in support of your answer. Yes, Leadership is definitely a skill that can and to a certain extent has to be taught.There is however another issue that like most other skills even thought it can be taught, not everyone will be able to excel at it no matter how good the training. To be an excellent leader does require some elements of personality and context such as integrity and respect from those you are leading.Whist you can teach skills related to these things people can’t suddenly change who they are As a person without time and effort that goes for beyond just being taught. Teaching leadership will not make them great leaders but importantly it will broaden their skills base so that they can lead different circumstances in different times and different places. Conclusion Everybody can be leaders but not good leaders. A good leader is a one in which he has some particular skills such as , Becoming influential, Facilitating teamwork and collaboration, Being a catalyst for a change, developing others, having compelling vision. Thank You