Instructions Please read the provided case study on Carlos Ghosn's leadership at Nissan and Renault. After reviewing the case, conduct further research to correct any identified mistakes and address the discussion questions below. In your response, reflect on the case study, support your arguments with evidence, and provide thoughtful analysis. Carlos Ghosn, born on March 9, 1954, in Porto Velho, Brazil, is a prominent business executive known for his leadership roles at Nissan and Renault. Ghosn's multicultural background and fluency in multiple languages allowed him to navigate diverse business environments successfully. He holds Lebanese, Brazilian, and French citizenships. Ghosn is often recognized for his democratic leadership style. He was known to set high performance standards and drive accountability throughout the organizations he led he involved the employees in the decision making process and in implementing the transformation. Ghosn's leadership style was marked by inclusivity wih a top-down approach, where decisions were made with input from employees. His focus on efficiency and cost reduction sometimes resulted in a neglect of employee welfare and work-life balance. Major Accomplishments: 1. Nissan Revival: When Ghon joined Nissan as its CEO in1997, the company was in a state of crisis, facing financial losses and a deteriorating market position. Under Ghosn's leadership, Nissan underwent a remarkable turnaround known as the "Nissan Revival Plan." This plan involved aggressive cost-cutting measures, product restructuring, and a renewed focus on quality and innovation. However, the plan also resulted in significant job cuts and strained relationships with employees and suppliers. 2. Renault-Nissan Alliance: One of Ghosn's most significant accomplishments was the establishment of the Renault-Nissan Alliance in 1998. This partnership, though successful in terms of cost savings and increased market presence, was primarily driven by Ghosn's unilateral decisions and lack of genuine collaboration. The integration between the two companies faced challenges due to cultural clashes and a lack of shared decision-making processes. 3. Renault's Financial Performance: During his tenure as CEO of Renault, Ghosn oversaw substantial improvements in the company's financial performance. He implemented rigorous cost control measures and streamlined operations, leading to increased profitability. However, these achievements often came at the expense of employee job security and satisfaction. Ghosn's focus on short-term financial targets sometimes overshadowed long-term strategic investments and innovation. 4. Cultural Integration: Managing the cultural integration between Nissan and Renault was a significant challenge for Ghosn. The companies had different organizational cultures, business practices, and work environments. Ghosn's autocratic leadership style and unilateral decision-making approach hindered effective collaboration and the development of a shared purpose within the alliance. 5. Government Relations: Operating in different countries with unique political and economic landscapes posed challenges for Ghosn. Building strong relationships with various governments and addressing their concerns was crucial to ensuring the success and stability of the Renault-Nissan Alliance. However, Ghosn's leadership style often led to strained relationships and mistrust with government officials. 6. Legal Issues and Controversies: In 2018, Ghosn faced a major controversy when he was arrested in Japan for alleged financial misconduct. This event marked a significant challenge to his leadership and resulted in his subsequent removal from his positions at Nissan and Mitsubishi Motors. The legal proceedings and fallout from these events created uncertainty and instability within the alliance, further highlighting the need for ethical leadership and transparent governmance practices. Carlos Ghosn's Leadership Approach Carlos Ghosn employed several key characteristics and strategies to transform Nissan and Renault during his tenure. However, it is important for students to critically evaluate and correct the following aspects of his leadership style: 1. "Ghosn's Magic Formula": One of the notable strategies introduced by Carlos Ghon was his "Ghosn's Magic Formula" for business transformation. However, this formula placed excessive emphasis on short-term financial results and cost reduction, neglecting the importance of long-term strategic investments and employee satisfaction. 2. Cost-Cutting Measures: While Ghosn's implementation of cost-cutting measures improved operational efficiency, it sometimes resulted in job cuts and strained employee morale. Students should consider the ethical implications of these measures and explore alternative strategies that balance financial objectives with employee welfare. 3. Product Restructuring and Innovation: While Ghosn emphasized product restructuring and innovation, his autocratic leadership style often stifled creativity and limited employee input. 4. Focus on Quality and Customer Satisfaction: While Ghosn recognized the importance of quality improvement and customer satisfaction, his leadership style may have hindered open communication channels and limited employee empowerment to address customer needs effectively. 5. Global Expansion and Market Penetration: Ghosn's strategic vision for global expansion and market penetration was noteworthy. Impact of Carlos Ghosn's Leadership on Nissan and Renault: Carlos Ghosn's leadership had a significant impact on both Nissan and Renault, leading to notable achievements and positive changes within the companies. Reflection and Discussion After reading the cased you are required to do further research on Carlos Ghosn Leadership style and address the following: 1. This case study includes some mistakes, make sure to state and correct at least two mistakes. 2. Identify and analyze potential criticisms or challenges to Ghosn's leadership style or decisions. 3. Provide at least three areas to improve the effectiveness of his leadership and discuss any controversies or negative consequences associated with his tenure. Evaluation Rubric Evaluation Criteria Scale Marks 1. Identitication and correction ol Mistakes 2. Analysis of Criticisms or Challenges to Ghosn's Leadership style or Decisions 3. Areas for Improving _ cadership Effectiveness (Three arcas discussed