Hierarchy Upheavals
Que sera - sera 2012 Dec 28. The conglomerate gets a new chairman, young but experienced, handpicked and groomed to replace a living legend who took the group to unimaginable heights. It was after a two-year long search and selection process that the successor was decided up on. The choice was hailed and celebrated. On 24 th Oct 2016, in less than two years after the assumption of appointment by the individual, the Board of Directors ‘overwhelmingly’ declared that it lost confidence in the chairman and resolved to remove him from the post. What went wrong? The Inevitable Time and change are inseparable companions. With time, change is inevitable. Applicable to anything known, the universal diktat holds good for organisations too. If change is evolutionary and planned, all departments of an organisation play assigned roles in the process of change. But, good, bad or ugly, unexpected changes do happen. Precipitated by situations, succession in organisations, could become a...