Monday, November 14, 2011 Posted by Data Cube at 8:41 AM
Lido Anthony "Lee" Iacocca is an American businessman and a famous manager. He introduced many methods of management used by many managers around the world at present time. He was born in the Allentown city, Pennsylvania state, into the family of Italian immigrants.
He started his work in the ?Ford? company as an engineer, but later on he changed his position and moved to the Marketing and Trade department where he revealed all his talents. One of his best ideas called ?56 for 56? was offering loans on cars of 1956 model with a 20% down payment and monthly payments of $56 during three years. This campaign brought him national recognition. Thanks to his managerial talent, he was quickly promoted and got the position of Head of one of the Ford‘s department.
One of his most important inventions for management was a system of the quarterly reports. He forced his
employees to make a reports about they work achievement every quarter. That stimulates employees to make some self-control and help manager to trace employee work achievement at all. Also, his another idea was to research, what do the customer need and make a production based on the customer needs, and not conversely.
Lee Iacocca always said that a good manager must be dash, and he always must make final decisions. He must have some intuition and use it in the process of decisions - making, but only when this intuition based on the facts.
In conclusion it should be mentioned, that Lee Iacocca is a good example of a good manager. He succeeded in his work, because he was a hard working person. He always was able to devote his spare time to achieving goals in his work and he is a good example of how to become a real professional.
Image Credits to Ezarabotok