...“Charismatic CEOs and Succession Planning: Not so Charismatic” This article takes a look at CEO succession planning. It essentially focuses on charismatic CEOs and how they chose their successor. This article argues that the approach most charismatic CEOs take is flawed, hence, their successors tend to struggle. Most charismatic CEOs often do not make succession planning a priority until it is too late. In cases where a company puts a process in place, charismatic CEOs tend to be domineering in their choice of a successor. In other cases, charismatic CEOs die on the job, thereby making the transition shaky. Although this article delves into the open literature for insights, it also uses a case study to drive home the point that charismatic CEOs’ approach to succession planning is flawed. The challenges of succession planning are truer today than ever. Indeed, the abrupt departures of two important charismatic CEOs – Charles Prince of Citygroup and Stanley O’Neal of Merrill Lynch – in the aftermath of the 2008 financial crisis, which fetched these firms colossal losses have made scholars to beam their searchlight on this neglected aspect of corporate governance. The nonchalance with the way some CEOs handle the process of succession planning not only puts their companies in jeopardy, but also signposts a major criterion on which outgoing CEOs and their executive board members will be evaluated. Before we proceed, we will issue a caveat: the practice of succession planning...
Words: 3191 - Pages: 13
...HCS/325 Team B: Case Study October 11, 2014 Effective decision making is yet another vital component in health care. It is used to not only manage an organization, but it is also used to manage the organizations’ staff and resources. Managers are tasked with making important decisions each day and these decisions have a major impact on the organizations’ operations and successes. In this week’s case study, Paul has three possible candidates (Taneshia, Felipe, and Amanda) all with many possible tools that can be utilized to successfully be Paul’s successor, only one has more to offer than the others. Taneshia has worked at the company for three years, has a bachelor’s degree in health administration, is a registered record administrator with a minor in human resources, and is currently the director of health information management systems. She has a great relationship with her peers and doctors but she does have an attitude problem and is very opinionated. Felipe has worked for the company for the past five years and works in his own section with no staff to manage. He has a bachelor’s degree in health administration, a master’s degree in business administration, great people skills, and he has signed many contracts for the company. Amanda has been with the company for ten years, has a bachelor’s degree in health administration, oversees a large and varied group of workers on a daily basis, is well liked by...
Words: 980 - Pages: 4
...Case Study First candidate: Taneshia She is 36 years African American woman, married with no children and plans for a family. She has three years of working for the center. She has a bachelor degree in health administration, and her collage minor was in human resources management. Taneshia is currently the director of health information system. Described as entrepreneurial and innovative She is very good with technology and her achievements in this field such as converting divided into fully electronic department. - trained her people to do more accurate coding She has a directive management style, and she accomplishes her goals but sometimes pushes her people a little too hard. Sometimes she feels like a pompous and very opinionated Has a "I'm smarter than everyone" attitude Some Questions have been raised about how accurate her reports are but nothing has ever been proven Second candidate: Felipe He is 29 years old, Hispanic male, single with no plans to get married He has worked for the center for five years. - started right after college He has a bachelor degree in health administration, and master degree in the business administration. With his masters, he is now interested in moving into operations in his next healthcare job Already started looking for new job possibilities His duties including marketing and contracting with manage care companies, and he has done well job He has no employees directly reporting to him. He is talented negotiator...
Words: 588 - Pages: 3
...CASE STUDY Succession Management at General Electric# General Electric (GE) is widely recognized and respected for its leadership talent and its succession management system. One of the best examples of succession management is how GE’s former CEO, Jack Welch, shaped and elevated the company’s philosophy, practice, and reputation for developing leaders. In a 1991 speech, Welch stated, “From now on, choosing my successor is the most important decision I’ll make.” GE’s commitment to developing leaders from within has yielded positive results for both the company’s employees and for GE. In fact, the program has been so successful that it’s been widely emulated by other global organizations. Measuring and developing talent lies at the forefront of GE’s business strategy discussions. GE’s operating system, referred to as its “learning culture in action,” entails year-round learning sessions in which leaders from GE and outside companies share best practices with one another and generate ideas for new practices. Harry Elsinga, manager of executive development at GE, notes, “We really have a tight organization around how we combine our leadership meetings and how we approach our business. We have a constant cycle going on throughout the year where we talk about business and people at the same time. How do we develop talent in those businesses, how do we make sure that we have the right people to open a particular plant or to do an acquisition, etc.? Those discussions always...
Words: 560 - Pages: 3
...2. Discuss the red flags for a small business related to business failure and bankruptcy. The high failure rate of small business start-ups is a major concern for many entrepreneurs, reason why they should be sensible to red flags in the business and the environment that may be early warning signs of trouble. Before engaging in new ventures entrepreneurs have to make sure that they are choosing a profitable sector, have enough cash reserves, and anticipate the price, the competitors, and the changing behaviors of consumers. Also, it is important that the entrepreneurs pay close attention to following red flags because they can be signs of bankruptcies: Finances are becoming so lax that no one is able to explain how the money is being spent. Directors cannot document or explain major transactions. Large discount are given to customers to enhance payments because of poor cash flow. Contracts below standards amount are accepted to generate cash. Bank request subordination of its loans. Key personnel leave the company. Materials to meet orders are lacking. Payroll taxes are not being paid. Suppliers demand payments in cash or in advance. Complaints from customers regarding the quality of product, service, or price. When an entrepreneur sees any of these signs he should immediately seek the advice of a Certified Public accountant (CPA) or an attorney, because generally unrelated one problem often lead to another one. Many young entrepreneurs...
Words: 1395 - Pages: 6
...13 4.10 Comparison Table 14 5.0 Conclusion 15 6.0 References 16 Abstract The following report is a critical comparison of three routing protocols; RIPv2, EIGRP and OSPF, detailing the protocol features, as well as their similarities and differences. The report takes an in-depth look at the technical elements and algorithms used in these protocols, such as Bellman Ford, DUAL, and the Dijkstra Algorithm; and how these algorithms are used to calculate the routing metric. The report also discusses the fact that EIGRP is the most desirable protocol to use on Cisco based routers, while OSPF can be used across different router manufacturers. While looking at the technical considerations that are needed in choosing a routing protocol for a desired network the report will also look into the CPU/memory requirements, and how difficult the protocol is to install and maintain on the network; with RIPv2 being the simplest to run, and OSPF being the most complicated to install and maintain. Introduction The following report will investigate the three main routing protocols used and taught in the second module of the CCNA course. This report will investigate the major technical considerations required when deciding on a routing protocol for a...
Words: 4222 - Pages: 17
...Sample Succession Planning Forms | 26 | INTRODUCTION Look at any research worth its salt and one will find that ‘leadership’ is key to the success of any organization. And it is this which highlights the importance of succession planning. Experts believe succession planning is one of the most important functions of not just the human resources department of any firm but is the responsibility of the entire management. Indeed, the consequences of putting the wrong person in a position may be severe. As popular HR guru Arthur X. Deegan II puts it: “Succession planning is about putting the right people in the right place at the right time.” This perhaps best defines the need and importance of succession planning. The group has chosen to study Tata Group and its succession planning strategies for this project. While we realize that succession planning is a process that encompasses the entire organization, we have – because of the space constraint – limited our report for the most part to only succession planning at the chairman level. That said, we still have taken care to include, while formulating the final policy, succession planning strategies for the entire organization. In the adjoining appendix toward the end, we have also attached certain sample forms that are used by many organizations for the succession planning process within their firm. We hope you find the report to meet the high standards expected from us. 1. SUCCESSION PLANNING 1.1 WHAT IS IT...
Words: 5649 - Pages: 23
...APPLE, Inc. CASE STUDY WHATIS STRATEGIC MANAGEMENT AND WHY IS IT CRITICAL TO THE SUCCESS OF AN ORGANIZATION IN MEETING ITS GOALS AND MISSION? Regiane Velez Kaplan University GB520: Strategic Human Resources Management APPLE, Inc. What is Strategic Management, and why is it critical to the success of an organization in meeting its goals and mission? What is Strategic Management? The concept of "strategy" is based in a war scenario, the constant fights and battles over the centuries have caused the military to start thinking before you act- the battles are analyzed and planned in advance. In General Sun Tzu’s words: “The general who wins a battle makes many calculations in his temple ere the battle is fought.” When translating it to today’s Strategic Management’s words, it means: “Those companies and individuals who win in the business world make much calculation, planning and deliberations on their strategy and plans. Those who plan less have lower chance of success, much less those who don’t plan anything at all.” (Soo, 2011). Developing a Strategic Planning increases the likelihood that in the future, the organization will be in the right place at the right time. Strategic Management collects all activities and processes utilized by an organization in order to align resources and actions with mission, vision and strategy throughout the organization. When applied correctly, strategic management activities...
Words: 1439 - Pages: 6
...Assume Equal Responsibility in Raising a Child Christina Wells Critical Thinking March 6, 2012 Professor Mario Del Carril Men and woman who have children should always share in the rearing of their offspring. Raising children is not an easy task. It requires the participation of both parents in order for their children to grow into well balanced adults with strong character, and skill necessary to carry them through their lives. This can happen when the parents collaborate together, whether married or single in the shared parental responsibility and major decision making. The parents' input has long term consequences in the lives of their children in areas of ; child care, schooling, school trips, activities, vacations, medical care, choosing doctors, religious training, sports, etiquette, handling finances, how to keep their homes, proper nutrition’s, how to drive, hunt, fish, home maintenance, dating issues, discipline, and a host of other things that their children will face in their life as they grow into responsible adults. The responsibility of raising children begins immediately from the time they bring the child home on the first day. This is when the bonding of the child and parents begins. The mom of course is in need the most help during this time. The input from her mate is vital, as she is feeling the pain of the literal child bearing experience, and really needs the father to be right there to take care of her and the baby needs. There is a huge responsibility...
Words: 1843 - Pages: 8
...Creating Competition in the Market for Operating Systems: A Structural Remedy for Microsoft Thomas M. Lenard, Ph.D. Vice President for Research The Progress & Freedom Foundation January 2000 ©Copyright 2000, The Progress & Freedom Foundation. All rights reserved. TABLE OF CONTENTS EXECUTIVE SUMMARY iii I. INTRODUCTION 1 II. MICROSOFT’S OPERATING SYSTEM MONOPOLY 3 III. NEW MARKET DEVELOPMENTS 5 A. America Online/Netscape Merger 5 B. America Online/ Time Warner Merger 6 C. Linux 6 D. Information Appliances 6 E. Web-Based Computing 7 IV. ANTICOMPETITIVE ACTS: THE NETSCAPE BROWSER 8 A. Market Division Proposal 9 B. Exclusive Arrangements with Original Equipment Manufacturers (OEMs) 9 C. Exclusive Arrangements with Internet Access Providers (IAPs) 10 V. OTHER ANTICOMPETITIVE ACTS 12 A. Java 12 B. Intel 12 C. IBM 13 VI. HARM TO CONSUMERS 14 VII. ALTERNATIVE REMEDIES 16 A. Conduct Remedies 16 B. Structural Remedies 17 1. Functional Divestiture 18 2. Full Division Remedy 19 3. One-Time Licensing Auction 21 VIII. The Hybrid Structural Remedy 22 A. The Minimum Scope of the Windows Company 23 B. The Applications Company 24 C. Addition of Products into the Windows Companies 25 D. Other Operational Issues 26 1. Shareholders 26 2. Intellectual Property 27 3. Employees 27 4. Contracts 28 ...
Words: 15664 - Pages: 63
...TABLE OF CONTENTS: 1.0 Introduction and Background Of The Study 4 1.1 Statement Of The Problem 6 1.2 Main Objectives 7 1.2.1Specific Objectives: 7 1.3 Research Questions 7 1.4 Significance Of The Study: 7 1.5 Limitation Of The Study: 7 2.0 Literature Review Of Succession Planning 8 2.1 Theoretical reveiw 8 2.1.1 Key Steps Towards Effective Succession Planning 9 2.1.2 Measures For Effective Succession Planning 13 2.1.2.1 Part A Measures: Group 1 -- Basic Plan Usage Factors. 13 2.1.2.2 Part A Measures: Group 2 -- Assessing Whether Your Plan Contains Key Design Features 14 2.1.2.3 Part B Measures: Group 3 -- Operational Indications Of Plan Success. 15 2.1.2.4 Part B Measures: Group 4 -- Measures Of Direct Business Impacts 16 2.1.2.5 Part B Measures: Group 5 -- Indications Of Plan Failure 17 2.2 Empirical Studies Of Succession Planning 18 3.0 Research Methodology 20 3.1 Introduction: 20 3.2 Research Design: 20 3.3 Area Of The Study: 20 3.4 Unit Of Enquiry: 20 3.5 Sample Size And Sampling Procedure: 21 3.5.1 Sample Size. 21 3.5.2 Sampling Technique 21 3.6 Data Collection Methods: 22 3.6.1 Questionnaires: 22 3.6.2 Interview: 22 3.6.3 Participant Observation: 22 3.6.4 Documentation: 22 3.7 Work Plan and Research Budget...............................................................................22 3.7.1 Research Activities & Work Plan.....................................................................22 3.7.2 Budget………………………………………………………………………...
Words: 8255 - Pages: 34
...GE’s Two-Decade Transformation Case Analysis March 17, 2005 For: Anne Becker From: Scott Ashby 999004953 Phil Parkinson _ Judy Lee 04003094 Gianni Liburdi 049003649 Executive Summary This report’s objective is to provide analysis of the leadership challenge that General Electric (GE) is currently facing, and to recommend solutions. The primary problem is determining what kind of candidate is required to replace retiring CEO Jack Welch. This has left GE to question how much does the company want to change policy over the previous era, and where does the company want to be in future? Detailed examination of the impact Jack Welch has had as CEO over the past twenty years reveals a leadership style that is the driving force behind a successful transition from a corporate model that was highly centralized and bureaucratic to one that is dynamic, flexible, and many times more profitable. If GE wishes to sustain and build upon the progress of the Welch era, it would do well to nominate a new CEO from within the organization who is familiar with his brand of leadership, and who can continue to provide it for many years to come. 2 Table of Contents Executive Summary................................................................................................................... 2 Table of Contents ....................................................................................................................... 3 Statement of Problem ...........
Words: 4567 - Pages: 19
...GE’s Two-Decade Transformation Case Analysis March 17, 2005 For: Anne Becker From: Scott Ashby 999004953 _ Phil Parkinson Judy Lee 04003094 Gianni Liburdi 049003649 Executive Summary This report’s objective is to provide analysis of the leadership challenge that General Electric (GE) is currently facing, and to recommend solutions. The primary problem is determining what kind of candidate is required to replace retiring CEO Jack Welch. This has left GE to question how much does the company want to change policy over the previous era, and where does the company want to be in future? Detailed examination of the impact Jack Welch has had as CEO over the past twenty years reveals a leadership style that is the driving force behind a successful transition from a corporate model that was highly centralized and bureaucratic to one that is dynamic, flexible, and many times more profitable. If GE wishes to sustain and build upon the progress of the Welch era, it would do well to nominate a new CEO from within the organization who is familiar with his brand of leadership, and who can continue to provide it for many years to come. 2 Table of Contents Executive Summary................................................................................................................... 2 Table of Contents ....................................................................................................................... 3 Statement of Problem ...............................
Words: 4601 - Pages: 19
...GE’s Two-Decade Transformation Case Analysis March 17, 2005 For: Anne Becker From: Scott Ashby 999004953 _ Phil Parkinson Judy Lee 04003094 Gianni Liburdi 049003649 Executive Summary This report’s objective is to provide analysis of the leadership challenge that General Electric (GE) is currently facing, and to recommend solutions. The primary problem is determining what kind of candidate is required to replace retiring CEO Jack Welch. This has left GE to question how much does the company want to change policy over the previous era, and where does the company want to be in future? Detailed examination of the impact Jack Welch has had as CEO over the past twenty years reveals a leadership style that is the driving force behind a successful transition from a corporate model that was highly centralized and bureaucratic to one that is dynamic, flexible, and many times more profitable. If GE wishes to sustain and build upon the progress of the Welch era, it would do well to nominate a new CEO from within the organization who is familiar with his brand of leadership, and who can continue to provide it for many years to come. 2 Table of Contents Executive Summary................................................................................................................... 2 Table of Contents ....................................................................................................................... 3 Statement of Problem ...............................
Words: 4567 - Pages: 19
...implied for merchantability or fitness for a particular purchase, as set forth in Chapter 8. 2. Privity of Contract Breach-of-warranty is based on contract law. Generally, an injured person to recover for a breach of warranty, he must be in a contractual relationship (privity) with the seller (a consumer or buyer of the product) and prevents recovery from bystanders not in privity with the seller. B. Negligence To prove negligence in a product liability case, plaintiff must show defendant did not use reasonable care in designing or manufacturing its product or in providing adequate warnings or failed to comply with statutory requirements. Generally, plaintiffs cannot prove negligence by introducing evidence of “upgrades” taken by a defendant to improve a product. MacPherson is the landmark case in which the defendant manufacturer was found liable for negligence even though there was no contractual relationship between the manufacturer and the plaintiff. Case...
Words: 4228 - Pages: 17
