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His management style was based on trust, delegating a lot of power to the individual managers. I believe this system would have worked for a relatively small company/institution, but as soon as the conglomerate grew and everything turned out to be too complex, this type of communication became ineffective.
Still, Guy Dejouany's tactics had a tremendous impact on the company's growth. During his presidency, the company's revenues increased from 15 billion Frf. in 1976 to a staggering 166 billion Frf. in the early 1990's. However, his strategies worked as long as the economy was doing well. Once the economy entered the recession phase of the cycle, problems became visible...
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