Succession planning is a difficult undertaking under the best of circumstances. It becomes even more of a challenge when the plan involves the development, hiring, preparing or replacement of a new CEO. In fact, it has been suggested that something is seriously amiss in the business of developing and hiring CEOs. Surely, when a CEO is ready for replacement, the boards of large organizations have a clear view of who the likely successors are, or which competencies are required of the individual who will take over the leading position? In actual fact, most of them do not have such a view and those that do often fail to find a suitable successor. All too often, the result is uncertainty, confusion and delay about who is the right person to take over the leadership at the very top which, in turn, leads to instability, internal power struggles and higher turnover of qualified candidates during and after the succession process.
It does not matter whether By K.P. DUTTA you are a lion or a gazelle; when the sun rises - you better be running!
I am at my client’s place making...
There is incomparable merit in leveraging business experience for human resources advantage - and vice versa.
Many things come to mind when one thinks of how one's experience in managing businesses...
By dropping the mantle of "functional experts" and adopting a business mindset, HR can find a way of customizing its special skills to fulfil changing expectations of business leaders.
The age-old...
HR plays a larger and more crucial role in facilitating change that is linked to a volatile and exciting market place.
India explodes the nuclear bomb and well almost simultaneously all...
HR needs to be innovative, business oriented and scientific to establish its credibility and relevance for the organizations.
Early this week Ruchika, a student of IMT Ghaziabad, PGDM program came to...
In order to enhance the company's bottomline, HR first needs to recruit winners to maintain the winning speed.
HR has evolved far from being a non-entity. No longer an administrative function,...
A look at compensation trends for HR professionals…
I t has been over the last few decades that the human resource management function has added tremendous value to the theory and...
A real life story of how HR spurred business success at Bank of Baroda.
In the last two decades, there has been considerable degree of hype about HR, its potential and...
Sharing a new concept
what gets measured gets done, for good or bad. Many companies chase growth in earnings per share, but end up discovering that too much capital at too...
‘Linking line managers and HR
Human Resources Development has, for long, been a preserve of specialists. This is no longer so. Increasingly, organisations expect their line managers to shoulder responsibilities for...
Managing transactions leaves no time to devote to areas that HR practitioners are uniquely positioned for. Consulting is often seen as an attractive choice, but the transition entails more than...
What are the HRD competencies and roles for new millennium? A survey reveals…
The recent changes in the competitive and economic framework has resulted in a lot of debate regarding the...