Back in the Game: Jim Hackett Returns to the CEO Role, this Time at Ford Motor Company

This article, originally from a conversation from University of Michigan Ross School of Business professor Dr. Robert Pasick highlights leadership lessons from new Ford Motor Company CEO, Jim Hackett. Many leadership lessons can be translated to the healthcare field, and Mr. Hackett's view on service and long-term thinking are great to keep in mind! 

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Congratulations to Jim Hackett, on being named CEO of Ford Motor Company!  Jim was my guest at my LEADERS CONNECT Breakfast in Ann Arbor  in 2016.  From this event, here are some of his insights about leadership.

In the 20 years of presentations at eaders Connect, Jim Hackett’s discussion about leadership is absolutely one of the best we’ve ever heard. Like most excellent speakers, Jim not only told great stories, but he gave sound and inspiring advice. Here are some of the highlights of the leadership lessons we heard from Jim Hackett.

  • “Three important questions to ask when coaching: what do you want to do less of, what do you want to do more of, what do you want to stop?”
  • “Employ human centered design thinking in your planning: this means diveent hinking and taking a thorough deep dive into analytics.”
  • sk yourself: “on your death bed are you going to remember what you did for yourself or for others?” The answer to this question leads to servant leadership. Your value as a human being is not diminished by failure. Have the self-confidence never lose sight of yourself as to who you are.
  • “In carrying out your strategy, think long term. As an example, it took months of planning and detail execution to come to an understanding with Jim Harbaugh to coach at Michigan.”’
  • “Treat everyone with equal respect: from the janitor to the board members.”
  • “Thinking long-term enables you to recognize when yo industry is likely to be disrupted. The university is one sector yet to face the full impact of disruption.”
  • Good boards are ‘ in, fingers out.’ Choose board members for their capabilities and their ability to work together.”
  • Diversity is critical and essential. “To gain more diversity, you must look for it. Look at it as an equity, an equal opportunity... to find talent, buil etworks with inority communities.”
  • “Success as an executive depends on continuous learning. Ask yourself what system you are using for continuous learning.”For example: Jim watches the Charlie Rose Show every day, reads continuously about science, and has attended Te or 30 years.
  • “Leadership is having a point of view. Decide what to do, set the course, and stick with it.”
  • “Empathy is crucial for effective leadership.”
  • “Organizatio must be willing to give up some of the old to get to the new.”
  • “If someone is rigidly opposing what you want to do, ask them “what would you have to believe to allow this to happen?”
  • Encourage self-reflection.
  • im’s sweet spot for a job: “working on hard, abstract problems with great smart people.”