Jim Hackett’s Failure (What business minds can learn)

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Jim Hackett’s exit as Ford’s CEO should surprise no one. Billions of dollars in losses, a 40% drop in stock price, and complete lack of clarity around the way forward inevitably had to lead to new CEO. The main lesson from Hackett’s case is that while everyone has to converge into an organization before trying to evolve it, you have to time that pivot differently in different circumstances. Hackett moved way too slowly, failed to clarify a coherent strategy or culture and paralyzed the organization.



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