Chrysler's Launch After Coming Out Of Change By Sergio Marchionne

226 Words1 Pages
Following Chrysler Corporation’s launch after coming out of bankruptcy, Sergio Marchionne knew he had to make critical adjustments in the company’s culture and implement a strategic plan if he wanted this company to ever be successful again. For this change to work, it was imperative that the organizational culture had to change, which began the process of conducting multiple interviews with current leadership. After the meetings took place, Marchionne has a brand new management team, which included some former executives being ousted and a few middle management employees receiving promotions. After all was said and done, 23 leaders reported directly to him, which allowed the opportunity to eradicate multiple layers of management and focus