The plight of the American automobile companies as they seek a bailout is a valuable lesson for companies that wish to grow their businesses. Running a business is not an easy job and requires following a business plan as well as periodically reviewing the direction the company is taking. If the company is experiencing losses, then a review of the plan is necessary.
A Team to Restructure the Company
In order for the company to be profitable, there must be a competent group of individuals involved in the business planning. This includes a sales person, a marketing person, and a manager. It would also help to have someone who is well versed in economics or finance, and information technology. The larger the company, the more experts are needed.
The chief executive officer must be skilled in the day to day operations of the company and the leader must be skilled in motivating people in order to bring out their best abilities. Because there are so many personalities involved, the leader must be a skilled negotiator. The leader and the chief executive officer are not the same individuals.
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