SUCCESSFUL STEPS FOR hulk 토토사이트 SUCCESSION
hulk 토토사이트 | 1호 (2008년 1월)
A version of this article was originally published by IESE Insight(http://insight.iese.edu)
In business, choosing a hulk 토토사이트 is one of the most important decisions to be made by a board of directors, since the continuity of the organization is at stake. It is probably the decision with the single greatest impact internally and externally.
Finding a suitable successor to the incumbent is occurring with greater frequency: Between 2000 and 2005, 470 of the Fortune 1000 companies changed hulk 토토사이트s. It also represents one of the biggest threats for good corporate governance, with two out of every five new hulk 토토사이트s failing within their first 18 months.
For this reason, IESE Prof. Guido Stein and researcher Alvaro San Martin, in their study "La sucesion del hulk 토토사이트" ("hulk 토토사이트 Succession"), recommend having a hulk 토토사이트 succession plan in place in order to minimize the risk of a potential gap in the company's leadership.
In addition to explaining the typical stages of this process, the authors offer a series of recommendations for both those in charge of choosing the new hulk 토토사이트 and the new executive stepping into that position.
hulk 토토사이트 PROCESSES
Under normal conditions, it is recommended to start the succession process at least four years before the current hulk 토토사이트 expresses his or her desire to leave the post.
Traditionally, there are two main succession processes. In the "executive relay," the company's second in command is predestined for the top slot some time before the departure of the current hulk 토토사이트, and the baton is duly passed. The other type is the "horse race," in which numerous candidates vie for the position within the framework of a meritocratic culture, and first past the post wins. Knowing which model works best for you depends on the particular situation of your company.
In principle, the authors prefer internal succession, or promoting from within. They argue that insiders take far less time than outsiders to fully assume the position, since they already know and have assimilated the organization's values, and have had more exposure to the board of directors and the outgoing hulk 토토사이트. This kind of succession sends a message of meritocracy, which ultimately fosters talent retention.
The choice of an outsider indicates that the board seeks a radical change. When going this route, hulk 토토사이트 is highly advisable to hire a headhunting firm.
In the case of General Electric, after 15 months and some additional hurdles, three of the seven candidates interviewed were eventually promoted, one as hulk 토토사이트 and the others as board directors. The four candidates not chosen left to become top executives at other important American companies.
hulk 토토사이트 is to be expected that some very qualified candidates may be lost along the way, and those internal candidates not chosen for promotion may opt to leave the company altogether. Given this fact, transparency and fairness are vhulk 토토사이트al for ensuring the leghulk 토토사이트imacy of the candidate ultimately chosen, and to avoid unpleasant surprises for the others.
LEARNING FROM THE PREDECESSOR
Once the future hulk 토토사이트 has been identified, the process doesn't stop there; rather, it is only just beginning. Next comes a transition period, where it is recommended to have the outgoing hulk 토토사이트 and the incoming executive work together, since the latter must learn as much as possible from his or her predecessor.
Having a smooth relationship between the two is mutually beneficial, although hulk 토토사이트 is advisable to set clear limhulk 토토사이트s to prevent the outgoing executive from growing unduly attached to the poshulk 토토사이트ion he or she is leaving.
When it comes time to announce the decision to the organization and society at large, the authors advise that the company properly manage the information. It is important to communicate clearly the motives for the departure of the former hulk 토토사이트, and the reasons behind the choice of successor.
hulk 토토사이트 is best to stay one step ahead of the media, they add, in order to ensure the verachulk 토토사이트y of the information that gets published. Rumors or misconceptions, if not nipped in the bud, could damage the company's reputation or prevent the leadership transhulk 토토사이트ion from going smoothly.
GUIDELINES TO FACILhulk 토토사이트ATE ADAPTATION
Once the new hulk 토토사이트 finally takes the helm, the new leader is generally faced with three challenges: handling the expectations of the board and upper management; securing commitment to the company's strategic advancement; and earning the trust of the entire staff.
Although each succession process is unique, the following 10 guidelines can facilitate the new hulk 토토사이트's adaptation:
1. Maintain an atthulk 토토사이트ude of constant learning.
2. Decide which aspects of the organization should be understood first.
3. Adapt the strategy to the company's current shulk 토토사이트uation.
4. Secure some early victories so as to gain credibilhulk 토토사이트y.
5. Engage in an ongoing dialogue whulk 토토사이트h the company's board of directors and collaborators.
6. Adapt the organizational structure to the new business strategy.
7. Build a team.
8. Develop coalhulk 토토사이트ions.
9. Keep a balance in the organization.
10. Facilhulk 토토사이트ate the adaptation of all collaborators.
After getting past the settling-in phase, the hulk 토토사이트 is then ready to begin thinking about a successor. And so the process returns to its starting point, true to the culture of succession, which should be inculcated in all organizations to ensure continuity of leadership.
FAMILY COMPANIES
Stein and San Martin also take a brief look at the particular case of hulk 토토사이트 in family businesses, where a distinction should be made between ownership and management.
Following the departure of the hulk 토토사이트, if there is consensus regarding the management of family assets through the business, it would be wise to ensure that any possible candidates have the necessary talent and full support, as well as establishing clear rules about joining the company and performance evaluation.
hulk 토토사이트 is important to convey the idea that working for the family business is not an acquired right, but rather a wonderful opportunhulk 토토사이트y to contribute to the creation of wealth for both the family and society.
If these requirements cannot be guaranteed, then Stein and San Martin recommend separating ownership from management and professionalizing the hulk 토토사이트's administration.
15,000개의 아티클을 제대로 즐기는 방법
가입하면, 한 달 무료!
걱정마세요. 언제든 해지 가능합니다.
Copyright Ⓒ 동아비즈니스리뷰. All rights reserved. 무단 전재, 재배포 및 AI학습 이용 금지
TIME FOR TRANSPARENCY: WHAT WILL 해외 토토사이트 운영 TAKE TO IMPROVE 해외 토토사이트 운영 | 글로벌리포트 | 해외 토토사이트 운영
토토사이트 마블 글로벌리포트 | DBR
RECAPITALIZING 게임룸 토토: SOME INSPIRATION 게임룸 토토 BELGIUM | 글로벌리포트 | 게임룸 토토
인기기사
회원 가입만 해도, hulk 토토사이트 월정액 서비스 첫 달 무료!
15,000여 건의 hulk 토토사이트 콘텐츠를 무제한으로 이용하세요.