Lee Iacocca Research Paper Example | Topics and Well Written Essays - 1500 words - 1

Lee Iacocca - Research Paper Example He was also fired from Ford Motor Company but revamped the image of Chrysler Corporation. He is considered as a man of vision possessing great leadership skills often appreciated and criticized by many in the business world. The assignment aims at highlighting the leadership traits, approaches and insights of Lee Iacocca that fetched him a stupendous achievement of being ranked 18th in the list of highly influential American CEOs by Portfolio. His ideas and philosophies are well appreciated making him one of the highly respected business personalities across the world. It might amaze many but Lee Iacocca did not start his career as a top leader rather he earned this reputation through some extraordinary leadership skills and clear vision. While working with Ford Motor Corporation, he introduced one of the most interesting sales and marketing campaigns; 56 for 56 that aimed at offering loans on 1956 model cars by paying 20% as down payment and $56 per month. This campaign earned him great recognition in the organization making early inroads for future endeavors. His leadership traits include effective communication, high level of motivation, encouragement, charisma, competence and courage. His positive attitude and zeal to succeed in the short as well as in the long run acted as a positive catalyst for the organization that further offered wide arrays of benefits and advantages. Lee Iacocca always supported changes along with promoting other’s ideas. He believed in empowerment and leading by examples that helped in winning the trust and loyalty of his followers. His profound insights and charismatic personality impacted his followers in a positive manner compelling them to think different and positively in worst of situations. Some of the highly admired and appreciated leadership traits and characteristics of Lee Iacocca include: Ethics are a set of moral rules and regulations perceived differently in the