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Are you ready to be the next CEO
By
KRGKRG
CEO
AATHMA
Boss! How it sounds?
• Admit it. We all feel a touch of awe when
someone has it: the C E O title.
• The power, the salary, and the chance to Be•
The Boss
• It’s worthy of awe!
The Five Crisis
• Financial Crisis
• Obsolete Technology
• Demand and Employment
• Government Regulations• Government Regulations
• Leadership Crisis
What happened to Infosys
• Barely one year after Infosys founder NR
Narayana Murthy came out of retirement to
revive the flagging fortunes of IT major the initial
euphoria has now been replaced by a sense of
foreboding and pessimism.foreboding and pessimism.
• A series of high-profile, senior-management exits
in recent times have triggered the worst ever
crisis
• This will have implications for most investors
even if you are not the ones directly invested in
the company's shares.
Succession Planning
• Succession planning is a process for
identifying and developing internal
people with the potential to fill key business
leadership positions in the company.leadership positions in the company.
• Succession planning increases the availability
of experienced and capable employees that
are prepared to assume these roles as they
become available.
Succession Planning: How Everyone
Does It Wrong
• CEO transitions are risky times for companies.
• When the departing chief executive officer has
had a strong run, there is worry about his
successor’s ability to maintain the momentum.
When he has performed poorly, there’s anxiety• When he has performed poorly, there’s anxiety
about whether and how fast his successor will be
able correct course.
• In the current economic climate, CEO turnover
can cause even greater tensions for both internal
and external stakeholders.
Succession Planning: How To Do It
Right
• Engaging the Stake Holders
• Assessing the Internal Candidates
• Conducting series of tests like stress test,
simulation etc.simulation etc.
• Equipping the CEO with required training,
skills and change in mindset.
Greatest Value of a Leader
"A leader's greatest value is
in providing clarity,
setting the standards,setting the standards,
and giving constructive
feedback,"
Critical objectives in Succession
Planning
• Identifying those with the potential to assume greater
responsibility in the organization
• Providing critical development experiences to those that
can move into key roles
• Supporting the development of high-potential leaders
• Build a data base that can be used to make better staffing• Build a data base that can be used to make better staffing
decisions for key jobs
• Improving employee commitment and retention
• Meeting the career development expectations of existing
employees
• Avoiding the increasing difficulty and costs of recruiting
employees externally
The Path to become a CEO
• How does one become a chief executive
officer (CEO)?
• Is there a certain blueprint to follow in order to
attain this prestigious title?
What professional and personal traits are• What professional and personal traits are
necessary for the position?
• Technically, anyone can fill the chief executive
slot, but typically those who have distinguished
themselves in some manner and have strong
leadership characteristics end up getting the job.
Personality Traits
• A degree from a top-notch school and an exceptional
knowledge of the industry are great qualities to have.
• But, that don't guarantee a person will make it to the top of
the corporate ladder.
• Personality traits play a role in an individual's ability to
attain chief executive status.attain chief executive status.
• Typically, CEOs are:
– good communicators, deal makers and managers
– extroverts who are eager to go out on the road and tell their
company's story
– able and willing to present a cohesive vision and strategy to
employees
– able to garner respect
Experience
• A person must have a great deal of experience in
the company's field in order to become CEO.
• A chief executive's job is to provide vision and a
course for the company to navigate, which iscourse for the company to navigate, which is
difficult to do without extensive experience and a
working knowledge of the potential risks and
opportunities that lie ahead for the company.
Change yourself
• Leaders must face reality
• Get the world off your shoulders
• Before asking others to sacrifice, first
volunteer yourselvesvolunteer yourselves
• Never waste a good chance (crisis)
• Be aggressive in the market place
A CEOs Job Description
• Create Strategy and Vision
• Share your vision and strategy
• Build Culture
• Build TEAMS
• Delegate• Delegate
• Be a Role Model
• Stay connected with “the little people”
• Create measurable performance criteria
• Ask for Feed back
Avoid Pitfalls
• Don’t be arrogant
• Title alone will not give the strength
• Don’t be over confident
• Listen with an open mind• Listen with an open mind
• Identify your limits
Do Great Things!
• Social psychology has shown that rewarding
desired behavior is far more effective than
punishing bad behavior or non-performance.
• For reasons that aren’t entirely clear, our culture
has evolved around using punishment as thehas evolved around using punishment as the
main way of controlling behavior.
• Unfortunately, punishment doesn’t work very
well.
• Interestingly, animal trainers have known this for
years.
Conclusion
• Study excellent CEOs.
• Call a CEO you admire and invite them to
lunch.
• Exchange tips and adopt tactics that others• Exchange tips and adopt tactics that others
have found useful.
• Read books like First, Break All the Rules,
which are broad-based studies of habits of
top-performers.
• Adopt at least one new habit a month.
Thank you Leaders!
• Hope I have made a stirrup in your mind
• If you are perturbed, then ask me a question
• If you are convinced, follow the steps in the
previous slideprevious slide
• If you need further details, clarifications,
private counseling call me at +91 84899 38811
• Or mail to me at krg@aathmaacademy.com

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Succession planning

  • 1. Are you ready to be the next CEO By KRGKRG CEO AATHMA
  • 2. Boss! How it sounds? • Admit it. We all feel a touch of awe when someone has it: the C E O title. • The power, the salary, and the chance to Be• The Boss • It’s worthy of awe!
  • 3. The Five Crisis • Financial Crisis • Obsolete Technology • Demand and Employment • Government Regulations• Government Regulations • Leadership Crisis
  • 4. What happened to Infosys • Barely one year after Infosys founder NR Narayana Murthy came out of retirement to revive the flagging fortunes of IT major the initial euphoria has now been replaced by a sense of foreboding and pessimism.foreboding and pessimism. • A series of high-profile, senior-management exits in recent times have triggered the worst ever crisis • This will have implications for most investors even if you are not the ones directly invested in the company's shares.
  • 5. Succession Planning • Succession planning is a process for identifying and developing internal people with the potential to fill key business leadership positions in the company.leadership positions in the company. • Succession planning increases the availability of experienced and capable employees that are prepared to assume these roles as they become available.
  • 6. Succession Planning: How Everyone Does It Wrong • CEO transitions are risky times for companies. • When the departing chief executive officer has had a strong run, there is worry about his successor’s ability to maintain the momentum. When he has performed poorly, there’s anxiety• When he has performed poorly, there’s anxiety about whether and how fast his successor will be able correct course. • In the current economic climate, CEO turnover can cause even greater tensions for both internal and external stakeholders.
  • 7. Succession Planning: How To Do It Right • Engaging the Stake Holders • Assessing the Internal Candidates • Conducting series of tests like stress test, simulation etc.simulation etc. • Equipping the CEO with required training, skills and change in mindset.
  • 8. Greatest Value of a Leader "A leader's greatest value is in providing clarity, setting the standards,setting the standards, and giving constructive feedback,"
  • 9. Critical objectives in Succession Planning • Identifying those with the potential to assume greater responsibility in the organization • Providing critical development experiences to those that can move into key roles • Supporting the development of high-potential leaders • Build a data base that can be used to make better staffing• Build a data base that can be used to make better staffing decisions for key jobs • Improving employee commitment and retention • Meeting the career development expectations of existing employees • Avoiding the increasing difficulty and costs of recruiting employees externally
  • 10. The Path to become a CEO • How does one become a chief executive officer (CEO)? • Is there a certain blueprint to follow in order to attain this prestigious title? What professional and personal traits are• What professional and personal traits are necessary for the position? • Technically, anyone can fill the chief executive slot, but typically those who have distinguished themselves in some manner and have strong leadership characteristics end up getting the job.
  • 11. Personality Traits • A degree from a top-notch school and an exceptional knowledge of the industry are great qualities to have. • But, that don't guarantee a person will make it to the top of the corporate ladder. • Personality traits play a role in an individual's ability to attain chief executive status.attain chief executive status. • Typically, CEOs are: – good communicators, deal makers and managers – extroverts who are eager to go out on the road and tell their company's story – able and willing to present a cohesive vision and strategy to employees – able to garner respect
  • 12. Experience • A person must have a great deal of experience in the company's field in order to become CEO. • A chief executive's job is to provide vision and a course for the company to navigate, which iscourse for the company to navigate, which is difficult to do without extensive experience and a working knowledge of the potential risks and opportunities that lie ahead for the company.
  • 13. Change yourself • Leaders must face reality • Get the world off your shoulders • Before asking others to sacrifice, first volunteer yourselvesvolunteer yourselves • Never waste a good chance (crisis) • Be aggressive in the market place
  • 14. A CEOs Job Description • Create Strategy and Vision • Share your vision and strategy • Build Culture • Build TEAMS • Delegate• Delegate • Be a Role Model • Stay connected with “the little people” • Create measurable performance criteria • Ask for Feed back
  • 15. Avoid Pitfalls • Don’t be arrogant • Title alone will not give the strength • Don’t be over confident • Listen with an open mind• Listen with an open mind • Identify your limits
  • 16. Do Great Things! • Social psychology has shown that rewarding desired behavior is far more effective than punishing bad behavior or non-performance. • For reasons that aren’t entirely clear, our culture has evolved around using punishment as thehas evolved around using punishment as the main way of controlling behavior. • Unfortunately, punishment doesn’t work very well. • Interestingly, animal trainers have known this for years.
  • 17. Conclusion • Study excellent CEOs. • Call a CEO you admire and invite them to lunch. • Exchange tips and adopt tactics that others• Exchange tips and adopt tactics that others have found useful. • Read books like First, Break All the Rules, which are broad-based studies of habits of top-performers. • Adopt at least one new habit a month.
  • 18. Thank you Leaders! • Hope I have made a stirrup in your mind • If you are perturbed, then ask me a question • If you are convinced, follow the steps in the previous slideprevious slide • If you need further details, clarifications, private counseling call me at +91 84899 38811 • Or mail to me at krg@aathmaacademy.com