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100 More Great Leadership Ideas by Jonathan Gifford

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RECOGNISE CULTURAL DIFFERENCES

 

The idea

When Carlos Ghosn, chairman of the Renault-Nissan Alliance, was given the task of turning around Nissan, the company had lost money for eight of the previous nine years, and had debts of $20 billion. Ghosn promised to resign if the company had not made a profit at the end of his first year in office. However, much as the Nissan team knew that change was essential, there were deeply ingrained cultural reasons why the team found that change ...

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