Word: turnarounds
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...excellence. In fact, the big studios have been giving us just about everything but excellence. “Snakes on a Plane,” anyone? Despite slightly better box office results this summer compared to last, movieland is still shaky territory. With quick big-screen-to-DVD turnaround, in-home theater options and technologies—On Demand got me through three grueling summer months in the Colorado suburbs—and higher-than-average ticket prices, Americans have fewer reasons than ever before to jump in the old sedan and gawk at the silver screen. The complete...
...negative slide that senior U.S. officials are reportedly now expressing doubts that Prime Minister Nuri al-Maliki can get the job done. But how likely is it that anyone else could do better? There's no longer anything on the event horizon to suggest any prospect of imminent turnaround. Previously, U.S. officials could reinforce the Bush Administration's "stay the course" message by pointing to forthcoming handovers of power or elections, the creation of a national unity government or the killing of the terrorist Zarqawi as potential watershed moments. But all those milestones have long been passed, and still...
Read the storiesabout Ford Motor Co., and you may think things are pretty bleak in Dearborn, Mich. A new CEO, Alan Mulally, is parachuting in from Boeing, supposedly armed with turnaround tools that will put Ford in the black. One part of the company's luxury division, Aston Martin, is on the auction block, and Jaguar and Land Rover may soon follow. Wall Street has lost confidence: Ford's stock, which closed at $8.77 a share last week after a recent run-up, is still valued at less than the company's cash on hand. This week Ford...
...doesn't take a leap of faith to imagine a healthy Ford Motor. Chrysler bounced back under Dieter Zetsche, who emphasized distinctive design and management discipline. Now he's a TV star. And Nissan was nearly bankrupt when Renault's Carlos Ghosn flew in and orchestrated a stunning turnaround (he declined overtures from outgoing CEO Bill Ford to try the same trick in Dearborn). Central to both revivals, however, is something Ford has too often forgotten: it's all about the car, stupid. "No automotive turnaround has been successful without a steady flow of strong products," notes General Motors chief...
...Bill Ford, who ran the automaker for the last five years, certainly realized the gravity of the situation, which explains why he brought in Mulally. At Boeing, Mulally had a reputation as an ace engineer and turnaround guy. He helped develop hit models like the 777 jetliner, launched in the early '90s, and the 787 Dreamliner, expected in 2008. After plane orders plummeted following the 9/11 terrorist attacks, Mulally stabilized the commercial aircraft division, which is now earning handsome profits. Nor has he shied from downsizing. Under his reign, Boeing's commercial division layed off 30,000 workers, shuttered factories...