DESCRIPTION
Mediocre people occupying senior leadership positions is one of the chief reasons for the fiasco and humiliation that organizations like Enron and WorldCom faced.
The practice of recruiting average people often goes unnoticed by the hiring teams until the results begin to surface, which is typically too late for any intervention. A senior executive selection of 2 standard deviations below the average yields -15% return on asset; whereas an executive selection with 2 standard deviations above average causes +25% return, which is 5 times the average.
Identification and onboarding of right people at these complex jobs and senior levels can create a substantial competitive advantage for the organizations.
This presentation provides a detailed overview of the 8 guiding principles that organizations need to follow to select competent senior leaders and to prevent losses and closure: It also discusses major obstacles that must be overcome when it comes to executive selection.
The slide deck also includes some slide templates for you to use in your own business presentations.
This presentation delves into the core obstacles that organizations face when selecting senior executives. It highlights the scarcity of top-tier candidates, the challenge of accurately assessing unknown competencies, and the psychological traps that can bias decision-making. The deck provides a comprehensive approach to overcoming these barriers, ensuring that the right leaders are chosen to drive organizational success.
The PPT also outlines eight guiding principles essential for improving executive selection processes. These principles include rational benchmarking, systematic appraisal, and supporting the assimilation of new hires. By adhering to these strategies, organizations can significantly enhance their leadership quality and avoid the pitfalls of poor executive appointments.
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Source: Best Practices in Leadership, Hiring, CEO PowerPoint Slides: Executive Selection PowerPoint (PPTX) Presentation, LearnPPT Consulting
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