The best drafted down plans are laid to waste in spite of the best risk mitigation measures and the most clinical of economic forecasts. At a recent entrepreneurship conference, a famous venture capital financier said, ‘I am yet to really believe in the structures and the complicated analysis that are presented by young businessmen. Frankly, I have never seen any five-year plan really take off! ‘It still does not excuse us from building business strategies because direction is still important. So is there an elusive panacea or a framework that will solve all your business issues? Sorry, I have not come across any in the last two decades in business. But what can weather the storm is the right people at the helm. People who have the courage to change course, adapt quickly to the tailwinds and find direction aligning with the headwinds.
So what does that really leave for the business heads do? To recruit the right people! This is of course easier said than done. We have continually started looking at this function as ‘non critical’ and ‘outsourcable’, and this leads to a difficult trend. The emergence of the new band of professionals called ‘placement consultants’ truly signify the flavour of senior management thought that recruitment is best left to experts outside the firm, who are widely networked and are likely to know where to find skills and talent. Some of it is true, some of the placement consultant, one had interacted with give you that confidence and also have the right experience to guide you in the same. But that does not absolve us from thinking more and spending more time for this important activity.
This story is from the September - October 2020 edition of UNIQUE TIMES.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the September - October 2020 edition of UNIQUE TIMES.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Abdul Gafoor: A Luminant Odyssey
In today’s competitive market landscape, brands call the shots and business houses do not leave a stone unturned in their efforts to push their brands to stay ahead in the race.
Advocate AP Vasavan: Justice Meets Humanity
Among the rare class of legal professionals who place humanity, justice and honesty on an equal footing along with law, Advocate AP Vasavan of the High Court of Kerala deserves special mention.
How is Cholesterol Related to Increasing Risk of Stroke?
Cholesterol is a waxy substance that contributes to the buildup of deposits, known as plaques, within blood vessels.
Oppression And Mismanagement In Indian Corporate Law Jurisprudence A Few Aspects
The Companies Act, 2013 (“the Act”), was enacted with the primary objective of ensuring transparency, accountability, and protection of stakeholders' interests, incorporates provisions addressing oppression and mismanagement within companies.
Vit-B12: The Missing Piece in Your Health Puzzle
B12 deficiency is one of the most common nutrient deficiencies among Indians.
Two Monologues Do Not Make a Dialogue!
“The single biggest problem in communication is the illusion that it has taken place.”
Toenail Fungus, Beware: Household Hacks for Healthy, Happy Feet!
Toenail fungus, also known as onychomycosis, is a condition that can make your nails look unsightly and cause discomfort.
Tulum Tales: Unveiling the Mystique of Mexico's Coastal Gem
Tucked away on the Yucatán Peninsula's eastern shore, Tulum is a hidden gem that epitomises peace and unspoiled beauty.
Porsche Taycan Cross Turismo
On the face of it, I shouldn’t like this car. Porsche makes some of the best engines in the world and this one hasn’t even got one.
On Managing Leadership Transitions - Navigating the Winds of Change
Leadership transitions are pivotal moments for any organization, marking periods of both opportunity and uncertainty.