How new Ford CEO Mulally will save the company
Ford is in trouble. Some new models are doing well, but all their gas guzzlers are in decline big time. So CEO Bill Ford has hired his own replacement - Alan Mulally, formerly of Boeing.
What can Mullaly do to turn the company around, and why was he chosen? Bruce Nussbaum at Business Week says that Ford needs innovation in their business model, to be more like Apple and Amazon. I think he’s right, but I will let those with more knowledge talk about how to improve Ford’s business model (if you have ideas, please comment below).
What I will talk about is product innovation. I think Ford Motor Company has picked exactly the right person to be CEO, and here’s why: the Boeing 787 Dreamliner. The Dreamliner is not just a new jet. It makes extensive use of advance carbon-fiber composite materials to make it lighter, stronger, and more efficient.
Ford needs something really innovative, not just more cup holders or higher, skinner windows. They need to build a car using similar composite materials and blow past everyone in terms of safety and fuel efficiency.