Thursday, November 09, 2006

Lateral Movements

The role of Board doesn't end at placing people in the right slots. Especially the top management ones. The performance of the businesses under the leadership has to be tracked constantly. There are some leaders who are more charismatic than others. Some are turn-around champions. Such leaders have to be moved into slots which require more apt handling of the situation. Where business is stable a normal calibre leader would do. Some leaders who have the track record of delivering in difficult conditions should be placed in top slots of such companies which are faced with declining fortunes. Hense there is a need for constant lateral movements in the Group Companies. Also there are some leaders who want challenging jobs, they perform at all cylinders firing only in challenging circumstances. To retain such top managers also need lateral movements. Have you hired one lately?

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