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Title: Lee Iacocca's Legacy

Essay Details

Subject: Business
Author: Jamie C
Date: February 3, 2014
Level: University
Grade: A
Length: 6 / 1666
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

While these events negatively impacted each of the Big Three American automakers, Chrysler suffered the most due to its formal organizational structure, the attitude of senior management, the lack of culture within the organization and an emphasis on tasks centered on financial management rather than car design...

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There was no formal structure in place to supervise the cross-pollination of information and ideas across business units. The lack of cohesiveness and idea generation impeded management's ability to react swiftly to the outside forces that endangered Chrysler's financial health. In addition to a poor organizational structure, Chrysler suffered from ineffective leadership...

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