Thread Started by #shivangi-varma

Looking for a real time example from a company which proved the importance of succession planning. Any help or reference will be helpful
7th June 2018 From Kuwait, Salmiya
Dear Anonymous
Please let us know why you have raised this question, as you want an example from India, while you are based in Kuwait.
8th June 2018 From United Kingdom
Dear Colleague,
Very glaring example in India was that of planned activity of finding out Ratan Tata's successor which unfortunately did not work out well.
Regards,
Vinayak Nagarkar
HR- Consultant
9th June 2018 From India, Mumbai
Mahindra Group has done their succession planning, however remains to be seen how it will shape up.
11th June 2018 From India, Mumbai
Hi,
Since I am pursuing my PG from India and it is a part of the project hence requesting for help
12th June 2018 From Kuwait, Salmiya
Many big business houses are family run-Reliance,Godrej etc.Succession planning is a struggle:The big corporate houses like TATA Sons, Infosys, and many other companies are struggling hard to find the suitable alternate leaders for top-level positions.
US has no such issues about succession planning in huge companies like Microsoft,Apple etc.
Exit of Mr. Bill Gates and Mr. Steve Jobs and others did not hamper the business house performance, also it did not affect the investors
Personally I feel: Leaders, are reluctant to identify the successors and in shaping them for the next generation of businesses.
In other words, it is an ego-problem. It may be intentional by ignoring successors, thinking that they are the rivals.Also they want control in family only.
Refer this link:https://www.business-standard.com/ar...2200041_1.html
Pressure from market which needs long term business continuity plans will make sure that succession plans are made and people identified.
Professional business cannot run without long term planning.
12th June 2018 From India, Pune
Reply (Add What You Know) Start New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2017 Cite.Co™