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Published August 24, 2011 at 11:05 PM
Patrick Thean
CEO of Rhythm Systems, CEO Coach and Serial Entrepreneur
Read this Business Week article on how Ford's CEO, Alan Mulally, turned Ford around from a broken car company in 2006 to being the most profitable car company today, beating analysts estimates for 7 consecutive quarters in a row! Note that Mulally has a strong execution rhythm built around his weekly meeting and his red yellow green dashboards. His weekly meeting is on Thursdays at 7am for 2-1/2 hours with his top 15 executives. Regarding public Red Yellow Green dashboards, the article reports that Mulally likes to say, "You can't manage a secret. When you do this every week, you can't hide."
Seems like we can learn lots from Mr. Mulally. What's his formula?
Here's the formula: Rhythm + Dashboards + Candor = Momentum
By the way, momentum is the business version of "mojo." So... maybe instead of asking "Got Rhythm?" I should have asked... "Got Mojo?"