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Saving the Business Without Losing the Company | Renault and Nissan

Added on -2019-09-13

| 8 pages
| 1924 words

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Running Head: Leadership and Teamwork[TYPE THE COMPANY NAME]Leadership and Teamwork
Leadership and Teamwork1IntroductionSaving the Business without Losing the Company and what makes an effective executive are twodifferent articles that represent significant understanding about the strategic initiatives and the capabilities which make person successful in their life. Both articles give us efficient understanding which can be utilized further in taking initiatives regarding our career. In this report, we will discuss our learning which we learn from reading the assigned articles, video on Carlos Ghosn, lectures, and presentations. Both articles are effective and play an important role in providing knowledge regarding the leadership and teamwork. They define us how one should play a leadership role in turning the situation of the organization and also gives us significant knowledge about different competencies which required an executive during decision making (Galegher, 2014). Both articles prove very beneficial and helpful in making day to day decision. Saving the Business without Losing the CompanySummaryThe given article is about situations of two companies which are Renault and Nissan. It defines the steps of the Carlos Ghosn which are taken to improve the situation of the Nissan. Both companies merged together to fulfil the needs of each other. Nissan's strength in America fills the gap for Renault; on the other hand, Renault's cash reduced Nissan mountain debt. Both organizations comfortably fill the demands of each other. The article gives us knowledge about the different steps of Carlos Ghosn taken for improving the profitability of the Nissan. He takes various initiatives like develop the cross-culture team and different programs related to incentive
Leadership and Teamwork2and compensation of employees. All these steps help him in getting success as per his desire. At last, he turns the situation in a profitable manner. He changes the loss situation in profitable. Personal LearningThe first thing which I learnt here is the concept of management which is not limited to only the management of people. But, management is the concept of imposing employees does such functions which they cannot do (West, 2012). This gives me knowledge about how we can take work from the employees. Apart of this, after learning the given article, I learnt the importance of brand power in earning profit. If an organization doesn’t have the brand power, it is not able tocope with existing challenges and required to shut down soon. According to my viewpoint, the first priority of Carlos Ghosn should be to establish its brand image in the existing countries and the other countries. This can be done through advertisement and large public access. Furthermore, I also learnt more how one can successfully bring changes in the functioning of an organization. Change is an important process which is continuously working as per changes in the environment. I learnt about the different strategic initiatives which help us in bringing significant changes in the organization without facing any resistance from employees (Cooke, 2016). Nissan engaged in producing a single car from 10 years, due to which its demand in the market declined continuously. According to me, the organization should focus more on research and development with which it can come with innovative ideas which can further implement in the production of innovative cars. I also learn that how important innovation is because on the basis of innovation one organization can lead the whole market and can also get the monopoly power which further helps in earning a large profit (Aaker, 2012). It gives me understanding about how we can tackle the pressure situation where we have only two ways do and die. Due to this learning, I will able to face the very risky situation in my near future. Furthermore, I learnt

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