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Promoting up from within, and grooming successors who started low down the ladder in the company, used to be common. Now we hire straight in from B-schools at
by hotnfresh 3y ago
Promoting up from within, and grooming successors who started low down the ladder in the company, used to be common.
Now we hire straight in from B-schools at VP or director level, and one of those ends up CEO eventually (if a CEO's not simply hired from outside, directly).
This practice seems to have dramatically increased the cost of executives. I wonder if it's increased quality.
[EDIT] OK not straight from b-school, they have to do a stint in management consulting or whatever first. Because having that be something that the totally inexperienced do makes complete sense.
- bumby 3y agoThe idea of hiring straight from B-schools, without experience, tells me B-schools schools have decided to sell out to maximize student throughput. It used to be that very few people got accepted to B-schools without at least a decade or so of experience.