Looking for a real time example from a company which proved the importance of succession planning. Any help or reference will be helpful
From Kuwait, Salmiya
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.
From United Kingdom
1624From 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
From India, Mumbai
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
From India, Mumbai
Hi, Since I am pursuing my PG from India and it is a part of the project hence requesting for help
From Kuwait, Salmiya
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.
From India, Pune
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.
From India, Pune
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