Ghosn's Changes
How many cross-functional teams did Ghosn form?
9
What did Nissan want to be experts in?
Cost engineering.
How many employees did Nissan cut?
3,300
What does CFT stand for?
Cross functional team.
What program accounted for 40% of cost savings?
3-3-3 program.
Who did Nissan want to win the trust of?
Customers and Colleagues.
How many Suppliers did Nissan have?
1,200
What was the purpose of the CFTs?
To get recommendations for the revival plan/remove organizational barriers.
How did Ghosn change the Promotion strategy?
Changed from a seniority based to a performance based.
How responsive did Nissan plan to be?
We will act right away.
How much was Nissan in debt?
Eleven billion dollars in debt
Who led the CFTs?
They were led by middle to upper-level managers.