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1)        Adam Smith is mainly known for his book he released in 1776 called the wealth of nations. This book illustrated basic Economics. Smith’s main contribution to management firstly include the division of labour. This process involves, splitting up the production process and allowing workers to specialise in tasks. This would lead to greater efficiency within a workforce, the car company Ford were one of the first companies to adopt to this theory as their owner Henry Ford was s fan of Smiths theory.

On the other hand, henry Mintzberg’s theory involved identifying the 10 roles that managers conduct within a workforce, these 10 roles would then be split into 3 categories which include, informational, interpersonal and decisional roles. This theory allows workforces to have a clear framework on the responsibilities a manager should have, and this creates a sense of direction.

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Some of the elements from Sergio Marchionne’s leadership that facilitated the process of change of FCA, included allowing workers to feel involved and to make decisions which increases their self esteem. This keeps workers more motivated and empowers theme to be leaders in their own team.

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q1 - changed management structure by employing 26 young leaders. empowered workers to leaders and he gave permission to the worker to improve the product

q2 - risk taker. communication flow between multiple businesses

q3 - expanding into other markets to reduce risk. diversify. research and development with competitors

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Inspired his team and the company to take risks

Delevoped a more positive working environment, enabling better growth in the work place.

Gave workers a chance to give their input on design.

Found 26 young leaders who would report to him directly