Bizlevity Shameless Plug
Is Anyone In Washington Listening? Bueller? … Bueller?
Over at Leadership Turn, Miki Saxon has uncovered a fascinating interview with Idris Jala.
See if this sounds vaguely familiar …
- A huge, multi-national corporation is four months away from running out of cash.
- The company suffers from “inadequate yield management, an inefficient network and poor cost control.”
- The company has “insufficient freedom to operate commercially and a host of legacy personnel challenges.”
- There are a large number of shareholders and intense public scrutiny.
While it sounds an awful lot like one of the Big Three auto companies, the company in question was state-controlled Malaysian Airlines, the national carrier of that company.
You can read about the amazing turnaround Idris Jala was able to effect over at Leadership Turn. Miki has an additional link to the full McKinsey Quarterly article.
The article is entitled Idris Jala’s 5 Principles of Change. I found it hard to believe one of those principles isn’t “take a penny, leave a penny” but, then again, that’s probably why I wasn’t interviewed for the open Malaysian Airlines CEO position.
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If you look out to your left, you can see the Big Three automakers doing everything wrong…
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Wow, Mark. thanks for the Shameless Plug. But I can’t imagine any of the Big Three or the UAW rigorously focusing on anything as mundane as the P&L statement. Check this out for another view of the subject.