Word: ghosn
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Dates: during 2001-2001
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...CARLOS GHOSN They said a foreign CEO could never survive the insular culture of Japanese business. Then this quintessential global leader--born in Brazil of Lebanese parents and educated in France--was dispatched by Renault to rescue its stake in NISSAN. Ghosn, 47, briskly closed plants, shed workers, hired stylish new auto designers--and took the company from a $5.6 billion loss in 2000 to this year's $2.5 billion profit. Ghosn's methods are openly copied, the story of Nissan's revival is a best seller in Japan, and Ghosn was named that country's "Father of the Year...
...always murenai," observes political commentator Nobuhiko Shima, "outside the group. He always went his own way. Now, in Japan, outsiders are respected. It's a big change." Entrepreneurial tycoon Masayoshi Son is Korean; Nissan fix-it man Carlos Ghosn is Brazilian. Both have successfully challenged the traditional rules of Japanese business. "It is the time for the outsiders in Japan," says Shima...
...TIME: Who works harder: Americans or Japanese? Ghosn: The Japanese gaman [or endurance] within the first line of people is impressive. From the other side, American executives, I must admit, can work harder than their colleagues in Japan. So I give a plus to Japan for its gaman and a plus to America for its executives...
...TIME: What about Japan's consensus style of management? Ghosn: A consensus style of management is very good. But I make a distinction between active consensus management and passive. The passive style is a killer...
...TIME: What things will you take back home with you? Ghosn: The sense of simplicity. In strategy, in action plan, in processes. That's one of the basic strengths of Japan...