WHO WILL BE YOUR NEXT CEO?Rajlakshmi Saikia Bhimwal explores the facts and fiction behind succession planning at the Chief-level, and finds out how to optimise the process to ensure a smooth and successful leadership transition
Vito Corleone’s early life in ‘The Godfather’ focused on a mobster in the making; how a kid who could not even tell his own name went on to become one of the greatest underworld dons, having most sen.... Read More
Succession Planning Begins at the TopCEOs must identify future leaders in the organisation and mentor them, and this should become one of the key performance indicators for them
Mr. Vijay Sinha starts by talking about the two basic sources for Chief-level appointments: internal and external. In his company, internal appointments are preferred as they find it to be a better pl.... Read More
Informal Referrals Are HelpfulA CEO must be a strong business developer as well as have multi-cultural skills, but most importantly, he should live by the values of the company
The identification of candidates is mostly relationship-driven at Evalueserve, confirms the CEO, Mr. Marc Vollenweider. This identification is followed by a series of interviews that candidates must u.... Read More
Work Shadowing is Used to Groom LeadersThe ‘Two Deep Organisation’ philosophy seeks to ensure that there are two candidates ready to take over at Chief-level positions at any given point of time
Shopper’s Stop is recognised as one of the leading retail chains in India. With around 36 stores in India at present, the company’s associate brands include names like Crossword, HomeStop and Hypercit.... Read More
Inside-Out or Outside-In?Development begins with stretching employees’ roles, responsibilities and goals, which helps in ensuring speedier growth for the individual
“William Perry, the founder of the company wanted to retire and that gave the opportunity for a new CEO to take over. The logical progression of consolidation of all QAI entities around the world such.... Read More
Doing Is More Audible Than SayingCompanies need to look at succession planning as an important process in order to groom the right people at the right time
It is evident that Mr. Alok Singh considers himself fortunate to have been an integral part of Novatium, an Enterprise and Home Computing Services company since its early days in the business. Leading.... Read More
Required: Strategists and VisionariesIt is the CEO’s responsibility to ensure that development of future leaders takes place in conjunction with the culture and values of the company
In today’s competitive economy most organisations face severe realities such as the difficulty in securing a high performing workforce, the tightening of the labour market and the war for talent. Succ.... Read More
Think Strategically, Execute EffectivelyA strong and well-executed succession planning policy ensures a smooth pipeline of talent that is groomed from within the organisation
Making Chief-level appointments is the most critical decision in any organisation. To make a good hiring decision, especially at the top level, it is vital that companies are clear on their growth str.... Read More
A Trick Question: Internal Or External?
There is always the fear that an external person may be rejected by the company, but he may be required if the company is in need of fresh outlook
Whether it is about being the former President and Director of Bennett, Coleman and Co. Ltd (TOI) or being the current Chairman of the World HRD Congress, Mr. Arun Arora is someone with an immense we.... Read More
CEO’s Job is to Run-Change-Grow Succession planning and leadership development, if linked to each other, will support organisational needs better and help the business grow
at Sterlite Technologies, the philosophy is to nurture leaders from within. Therefore, priority is given to the in-house talent and only in case of typical requirements which need a specific skill set.... Read More
Can We Rely on Executive Search Firms?The culture of the organisation should be able to offer its people challenging roles to help them develop as otherwise there is a fear of losing key talent
International SOS is into a unique business and is the only organisation in the world which provides medical assistance, international healthcare, security services and outsourced customer care to a l.... Read More
Getting To Know Your CEO BetterKenny Moore (HR Director at a Fortune 500 company, author and former monk) reveals the litmus test that corporations must follow for gauging executive credibility and trust
Before I came to work in corporate America, I spent 15 years in a monastic community as a Catholic priest. Actually the work has proven to be quite similar, only the pay is now a lot better. With all .... Read More
Improving CEO SelectionMichael Lee Stallard (President, E Pluribus Partners) explains how Boards of Directors can select the best CEO if they understand a few key issues that are not always obvious
The present deep recession, hyper-competitiveness of markets, anxiety of employees and general distrust of business leaders makes this an especially challenging time to lead an organisation. And yet, .... Read More
How Does the CEO Get to Be CEO?Lynne Morton (President, Performance Improvement Solutions) explains why succession planning needs to focus on building bench strength and go beyond having ‘a name in the box’
In talent management, we often use the phrase ‘having the right person in the right job at the right time’ because the challenge of the work is being able to balance those three ‘rights’. When we thin.... Read More