In recent years, we've read a lot about the turnarounds of dozens of large companies which earlier had seemed destined to fail. But we haven't always been told exactly what happened inside that failing company that made the turnaround take place. So that if the company had collapsed despite his dramatic measures, he would have lost a lot of money and 20,000 more people would have lost their jobs. But, he says since his compensation was tied to the company's financial performance he wouldn't have made a penny, unless he made a lot of money for the company and its stockholders. Magnify your own abilities by surrounding yourself with great people.
Management is the spine around which all the rest takes shape.
Leaders and teammates pull together on game day to win and achieve mutual goals. Cost is always your enemy. Whether your company is in trouble or you're just searching for ways to increase profitability, cost should be number one on your list of enemies. Cost will kill you even if you come up with better products. Focus like a laser.