Leadership Styles Of President Executive Officer Of Fiat...

Leadership is one of the most useful skills one can obtain. It was believed that leadership cannot be taught, but that one is born with the appropriate skills to lead. Leaders come in a wide range of different personalities and styles. There have been many great leaders since the beginning of civilization, but what makes a great leader? Many theories have been formed about how leaders have been either made or born. Sergio Marchionne, Chief Executive Officer of Fiat Chrysler Automobiles, is an example of a great leader. His leadership style and traits contributed to the success of the company after suffering a major financial crisis. The most significant leadership styles that Sergio Marchionne possesses are participative (Democratic) and†¦show more content†¦He delegates the necessary authority and accountability to the staffs, and of course any failure will come with some consequences. However, at the same time, he can still be tolerating because he believes we can always offset a failure here with a success there. Bureaucratic leaders always lead by â€Å"following the books† and should the matter raised is not in the book, he will refer to the higher management. However, this trait is totally out from Sergio when he boldly abandoned the Great Man model of leadership that long characterized the Fiat brand and came up with new model where everyone is expected to lead. Sergio Marchionne could easily be identified as the savior of Chrysler. After taking a bailout from the government, the company was still going downhill. Then Sergio got the job. Known for his dedication to the cause and his â€Å"no bullshit† (Taggart) attitude, Sergio took a more aggressive approach to turning things around. Marchionne immediately fired managers that weren’t doing their jobs properly and hurting the company. He then aligned his employees to start a new business plan (Taggart). Sergio’s new approach paid off too. Chrysler saw a â€Å"23% increase† (Taggart) in sales as well as total 2011 sales to hit â€Å"$55 billion† (Taggart). This is all a huge improvement from 2009 when Chrysler was losing â€Å"$1Show MoreRelatedFord Motor Company Case Analysis Essay1776 Words   |  8 Pagescommercial vehicles, luxury cars, Standard Utility Vehicles (SUVs), and automotive parts all over the world. Known for their size, geography, and busi ness model, Ford is often referred to as one of the â€Å"Big Three,† along with General Motors and Chrysler Automobiles. Per the Ford Motor Company MarketLine Company Profile (2016), Ford is one of the largest automotive manufacturers in the country. 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