LIFETIME ACHIEVEMENT WHICH KEEPS YOU ON A
Mr. Swaminathan Subramanian
ducation is not preparation for life, but is life itself ”. John Dewey’s quote is still very relevant and has gained utmost importance in today’s corporate world. This world is being defined as VUCA (Volatile, Uncertain, Complex and Ambiguous). It challenges the very premise of traditional competencies and career development. Talent development is no longer linear, nor has defined boundaries and more importantly has a short shelf life. Hence, education has to be continuous. Let’s examine this in the context of Senior Management roles in companies.
Job Descriptions: Do They Exist? Over the years, Senior management roles have evolved from being just functional leaders to, a senior team of generals for the company. What really do organisations want out of them? The simple answer is “get the job done”. And what is their scope of work? “Whatever it takes.” What is the ultimate accountability? “Deliver to Shareholder expectations”. The underlying reasons are that regulatory, accounting and legal changes, including the onerous responsibilities of Directors have forced these roles to become more contiguous and interdependent than ever before. The CEO wants his team to develop strategic muscles.
Continuous Executive education is increasingly becoming critical to develop talent for CSuite readiness
What Business Are You In? Digital disruption has made management re-look at their vision and strategic intent statement and many organisations are reinventing themselves to stay relevant. MasterCard is now a technology company! The plastic card company has transformed through solutions that are virtual, digital, leveraging on payment technology innovations
Vol.7 Issue 5 • July 2016, Noida |
including biometrics. “Fintech” is a commonplace parlance today and is buzzing with ideas. There is a lot to learn from companies that have created value propositions through aggregation and have provided a marketplace. The world’s largest taxi firm, Uber owns no cars. The world’s most popular media company, Facebook, creates no content. The world’s most valuable retailer, Alibaba, carries no stock. And the world’s largest accommodation provider Airbnb, owns no property. All this has happened in a fairly short time reflecting the pace at which concept has been translated to execution and eventual adoption. For any executive in today’s corporate world, there is no such thing as business. As usual, they need to continuously upgrade their own and their company’s capability technologically, commercially, financially and operationally. People reach senior management levels because of their functional expertise and strong execution. Progression thereafter is stymied by questions raised on whether the candidate has “executive presence”, “the ability to operate in a multicultural environment”, “has a global outlook”, “gets the big picture” and most often “is he/she Board ready?” More often than not, these are becoming deal breakers. Continuous Executive education is increasingly becoming critical to develop talent for C-Suite readiness.
Learn or Be Left Behind It might seem chaotic out there, but there are winners and there is a lot to learn from them.
Basics First Never lose sight of the basics. Sportsmen are the best to emulate. Regardless of their world ranking, they train hard to strengthen and refine their basic techniques. Like
in sport, while people grow in experience in the corporate world, it is easy to lose sight of the basics. Many companies are sending senior managers back to school to brush up on concepts, learn new and emerging disciplines. Also, learn from each other. Leading business schools that offer executive education encourage cohort learning. These are long term courses, intersperse