Era of the Groomed Insider
The succession planning model that is followed at Infosys is very similar to the one that is followed in a century-old organization – General Electric.
Perhaps Thomas Edison, when he started GE, had never dreamt that one day, his organization would not only become one of the most respected in terms of technology but in terms of human capital cultivation as well. And when we mention GE, we definitely can’t miss Jack ‘Neutron’ Welch, who has mostly been discussed for his “20-70-10 rule” that ensured pink slips in lakhs by the time he had retired. But little do we know that he was the brains behind the hiring and succession planning program initiation at GE in 1994, much before he retired. The last time GE had a top leadership change (CEO) in 2000, was when Welch was replaced by Jeffery Immelt. The world knows that. But little do many know that there were three ‘internal’ candidates being groomed to fill the hot seat; besides Immelt, the two others were W. James McNerny (current CEO, Boeing) and Robert L. Nardelli (current CEO, Chrysler). It is known to many GE insiders that all three exceeded every expectation required for the right leader. And why not? All three of them attended sessions at the John F. Welch Leadership School at GE’s headquarters in Crontonville.
The succession planning model that is followed at Infosys is very similar to the one that is followed in a century-old organization – General Electric.
Perhaps Thomas Edison, when he started GE, had never dreamt that one day, his organization would not only become one of the most respected in terms of technology but in terms of human capital cultivation as well. And when we mention GE, we definitely can’t miss Jack ‘Neutron’ Welch, who has mostly been discussed for his “20-70-10 rule” that ensured pink slips in lakhs by the time he had retired. But little do we know that he was the brains behind the hiring and succession planning program initiation at GE in 1994, much before he retired. The last time GE had a top leadership change (CEO) in 2000, was when Welch was replaced by Jeffery Immelt. The world knows that. But little do many know that there were three ‘internal’ candidates being groomed to fill the hot seat; besides Immelt, the two others were W. James McNerny (current CEO, Boeing) and Robert L. Nardelli (current CEO, Chrysler). It is known to many GE insiders that all three exceeded every expectation required for the right leader. And why not? All three of them attended sessions at the John F. Welch Leadership School at GE’s headquarters in Crontonville.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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