Two Ways of Handling Succession
Succession planning is a very sensitive subject in the corporate world. But some have managed it quite well.
The latest case in discussion is Deepak Parekh’s succession. New reports say Keki Mistry is slated to take over and that Parekh will take over as non-exec Chairman. Very smooth transition. [Are you listening Mukesh and Anil?] Parekh himself said in an interview that detachment from his current role and adapting to the new role could be a challenge. But awareness itself is half the battle won.
The TCS story also made big news, with Ramadorai handing over the reins to Chandrasekaran, it must not have been easy because both are young.
Very commedable work at HDFC and TCS.
Against this background, look at what is happening to the succession for the biggest role, Chief Minister of Maharashtra. We hear from all so-called leaders, a typical, “We have left the decision to Sonia Gandhi! Whatever the ‘high command’ decides will be acceptable to us!!” I often wonder why they are called leaders at all.
What a contrasting picture in the commercial capital where Parekh, Ramadorai and Chavan [Chief Minister] sit within a 200 meters radius!
Vivek
Interesting !
Actually come to think of it, succession in the political arena gets decided on the 'Nature' and 'Nurture' principle ! Nature by way of one's own children(now extending to nephews too) and Nurture by way of the benevolent and omniscient 'high command' !!! 😀
It isn't called the dance of democracy for nothing…!
Brilliant piece of note!! I liked the thoughts behind it!!
succession planning happens when they the company wants to be moved in the direction, bigger and viable than what it was today. but that is what is wrong with ambani, birla, mahendra – they want to keep it all in the family. that is what is wrong with india. the ocngress wants to keep it under its bed. hence india will always remain under the bed, because the people do not want another revolution and remove these bugs who want to keep the country tucked safely, even when it is dangerous –
one needs emotional maturity and intelligence and confidence to see beyond ourselves – don't you think