Although identifying and recruiting the most appropriate general manager is critical to the success of the organization, consistent practice of many large corporations often leads to poor results, as the last short term stay CEO Coca-Cola, Gillette, Xerox and testimony. To better understand the dynamics that affect the selection of such a complex process, and from 1995 to 2000, Harvard Business School professor Rakesh Khurana interview to the director, executive search consultants and candidates about the methods that large corporations use in hiring the CEO. In the process, he discovered a few common mistakes that frustrate efforts to find the right CEO. He notes that the various practices almost institutionalized in many companies, and it explains how to avoid them. Khurana also claimed that the board can actively manage the following aspects of the CEO search and greatly increase the likelihood that a survivor who appears best suited to address the problems of: the composition of search committee. Khurana recommends that the Committee of the search consists of different groups, not just in terms of age and functional background, but also knowledge about the company and its culture. "CEO as a cure-all" syndrome. Boards should be sure to consider the contribution of other executives in the company's success, failure to do so will raise expectations in terms of performance, incoming CEO to unsustainable levels. The adoption of results-oriented practice. According to the Quran, the practices most relevant to the successful outcome of the discussion of strategic directions of the company is clearly at the beginning of the process, recognition and measurement Find user roles and responsibilities (eg, limiting the role of the outgoing CEO and executive search firm.), And the evaluation of the candidates in the light of the requirements position, and not in relation to each other "hidden
by Rakesh Khurana Source: MIT Sloan Management Review 7 pages. Publication Date: 01 Oct 2001. Prod. #: SMR072-PDF-ENG
Related Case Solutions & Analyses:
Establishing an ECL Culture in China: Organizational Difference or National Difference
Back to the Future: Benetton Transforms Its Global Network
Blinds To Go: Staffing a Retail Expansion
Why Do Some Strategic Alliances Persist Beyond Their Useful Life
SCORE Educational Centers (A)
Innovation at the Leading Hotels of the World
Tim Hortons Inc.
Why Too Much Trust Is Death to Innovation
Avi Kremer
Highland Capital Partners: Investing in Cleantech
