AutoNation, a once$-$thriving car dealership in the city of Fort Wayne, has been struggling to stay

afloat since the Covid$-19$ pandemic hit the world. The pandemic caused a significant downturn in

the auto industry with sales dropping by more than $90\%.$ The supply chains were blocked and

AutoNation faced major difficulties acquiring cars from the manufacturer. The cost of maintaining

the dealership office, staff, salesmen, and support staff became unaffordable.

AutoNation could not continue to pay for the high overhead expenses, so it decided to lay off $80\%$

of its employees. It seemed AutoNation was destined to shut down, but thankfully, the pandemic

situation eased and the auto industry started recovering. The supply chain problems started

resolving and AutoNation was able to acquire cars from the manufacturer. With the improved

market situation, AutoNation began investing in digital marketing and technology to help bring in

customers. AutoNation hired new staff, revamped its website and social media presence, and

deployed an easy$-$to$-$use online booking tool to make it easier for customers to purchase.

However, as quickly as things seemed to be improving, AutoNation was again hit by a major

downturn in the economy. The downturn in the economy happened because of complex reasons,

including the war in Ukraine, a steep rise in interest rates, and a struggling national economy. But

the end result is that AutoNation is again in very fragile financial shape. It has hundreds of cars

parked in its lot and not enough customers to buy them; the fact that manufacturers have increased

the price of cars does not help either.

AutoNation is now desperately trying to find ways to survive. In desperation, the owner of

AutoNation has hired you as its CEO to provide an effective plan for survival. You want to revive

AutoNation and make it profitable again, but you have to come$-$up with a plan that will work

considering the current situation. Describe in detail, how you can apply Theory E and Theory O to

help AutoNation get back on track. Your response has to be thorough and detailed enough to

convince the owner of AutoNation and his board of directors that your plan is the right one.