Professional Documents
Culture Documents
Batras
Enthused by the challenge, Dr. Verghese Kurien left his government job and volunteered to help Late Shri Tribhuvandas Patel, Chairman of KDCMPUL, to set up a processing plant.
Core
Team
Execution Team
On Job Team
Availability of Talent
Low
High
Critical to business
Focus on STAR and PROBLEM CHILD Three important decisions to make: To BUY To NURTURE To DEVELOP
These decisions are dependant on: Short-term and Long-term Plan Business Urgency Business Opportunities
As the new CEO of the company, Jobs oversaw the development of the iMac, iTunes, iPod, iPhone, and iPad, and on the services side, the company's Apple Retail Stores, iTunes Store and the App Store. - Steve Jobs
Performance
Dead Wood
Low Performer and Noncritical
Problem Child
Low Performer but Critical
Low
High
Critical to business
Focus on STAR and PROBLEM CHILD Do everything possible to retain STAR Succession planning and buying talent for PROBLEM CHILD Dont worry for CASH COW and DEAD WOOD
Performance
Low
High
Critical to business
Important Retention Quadrant : STAR High on business contribution Threat to the business
A.M. Naik
Problem Child
Need of Business
Low
Professional Competence
STAR :
Give challenging opportunities for GROWTH Mentoring
CASH COW:
Job Rotation and Management Development Program based on Business needs Mentoring
PROBLEM CHILD:
Professional Coaching and Counseling
On First time Founder CEO? This is what you do Pick your early employees with care. Decide what is more important to you, having control over smaller business or being a part of a larger company Function as a meritocracy to attract top talent Let your role evolve as Business Grows Its okay to delegate Bring in external advisors Be realistic, when to Let go
I think that after your decision to actually start a new enterprise, your next most important decision arrives when you hire your first employee. - Warren Buffet
Thank you