Question

In: Operations Management

Should a company identify and formally acknowledge its high-potential managers or should it be kept secret?...

  1. Should a company identify and formally acknowledge its high-potential managers or should it be kept secret? Should managers know they are considered high-potential managers? Explain your position

answer in own words and include citations and real information. NOT just opinion

Solutions

Expert Solution

Recognizing employees as having high potential recognizes their commitments to the organization, approves what they are doing, and rouses them. Those not officially distinguished as high potentials report they are bound to look for elective work in the close to term than those in high-potential projects.
Being marked "high potential" shouldn't be a prize or a privilege. High potentials are relied upon to work more enthusiastically and take on more difficulties." That must be conveyed unmistakably if a program is to succeed. In particular, the 'high-potential' mark suggests a high degree of execution, increased by the readiness and ability to develop. It implies that right now, you have the limit and drive to take on progressively complex jobs. That limit and drive may change after some time, so employees who aren't there now need a pathway to control them toward expanding their potential. That pathway ought to be founded on regular definitions and desires and ought to incorporate managers prepared to draw in and empower ability without limiting the accomplishments of those not in the high-potential program. At the point when that foundation is set up, at that point organizations can transparently talk about high-potential projects. Deciding to be straightforward is an issue of timing.

The characteristics of high potential managers are as follows:

  • HOLD CANDID DISCUSSIONS
  • CLEAR OBSTACLES
  • IDENTIFY LEADERS EARLY


There are a few challenges for high potential managers as well:

  • Associating With THE FIRM ON A MISSION LEVEL. They frequently have no strong, long haul associations with key managers or coaches who can remind them why they're doing what they're doing.
  • Keeping up SOCIAL NETWORKS. They will in general have loads of shallow associations and need to realize how to extend them and keep up them as they move all through the association.
  • Gaining KNOWLEDGE FAST ENOUGH. They adapt rapidly, yet similarly as they become agreeable in an occupation, they're regularly moved.
  • Keeping up A VISION OF THEIR FUTURE. They ricochet all through employments all through the organization, first in their practical territories and later as a rule the board, so keeping up an away from of their vocation way is testing

Related Solutions

1. Explain why adjusting entries are needed, and identify two key things that should be kept...
1. Explain why adjusting entries are needed, and identify two key things that should be kept in mind when preparing them. 2. Explain why closing entries are made. What are the two objectives that are accomplished by making closing entries? 3.In general terms, explain the purpose of the statement of income and the statement of financial position. Outline the type of information that each statement presents, and explain the basic difference between the types of items that appear on the...
Learning Objective: Identify the potential conflicts that arise within the firm between stockholders and managers and...
Learning Objective: Identify the potential conflicts that arise within the firm between stockholders and managers and between stockholders and bondholders, and discuss the techniques that firms can use to mitigate these potential conflicts. Topic: A well-run company should align the management’s interest and with the owner’s interests. What are some actions that stockholders can take to ensure that management’s and stockholders’ interests are aligned? Is this important? What are some of the risks/consequences if the management’s interests are not aligned...
Why should (High performance liquid chromatography) HPLC equipment be kept in low temperature rooms during operation?
Why should (High performance liquid chromatography) HPLC equipment be kept in low temperature rooms during operation?
Suppose managers of a firm know that the company is approaching financial distress. Should the managers...
Suppose managers of a firm know that the company is approaching financial distress. Should the managers borrow from creditors and issue a large one-time dividend to shareholders? How might creditors control this potential transfer of wealth?
Managers at Terlingua Drilling identify a potential new drilling project. They estimate the following expected net...
Managers at Terlingua Drilling identify a potential new drilling project. They estimate the following expected net cash flows if the project is adopted. Year 0: ($1,250,000) Year 1: $100,000 Year 2: $400,000 Year 3: $400,000 Year 4: $200,000 Year 5: $200,000 Year 6: $300,000 Year 7: $100,000 Suppose that the appropriate discount rate for this project is 11.9%, compounded annually. Calculate the net present value for this proposed project. Do not round at intermediate steps in your calculation. Round your...
How does a company identify its competitors? What do marketing managers want to know about the...
How does a company identify its competitors? What do marketing managers want to know about the companies identified as competitors?
“Since investors are able to create homemade dividends, managers should not be rewarded for adopting high...
“Since investors are able to create homemade dividends, managers should not be rewarded for adopting high dividend payout policy.” Critically evaluate this statement in the light of both the theories of dividend policy and practical considerations. Please write one page. Thank you
identify the potential mistakes managers might make when following each step in the decision making process...
identify the potential mistakes managers might make when following each step in the decision making process and make a recommendation for each step to reduce that chance of error.
In this assignment: AA) Identify why managers should be delegating. Discuss the skills, abilities and behaviors...
In this assignment: AA) Identify why managers should be delegating. Discuss the skills, abilities and behaviors that make a good delegator. A) What symptoms should a manager look for in determining whether an organization needs to change? B) Why do many employees resist change? You can elaborate on your personal experiences. C) What techniques could you as a manager implement to assist employees through the process of change?
Why should managers participate in the proposal development stage in the research process? Identify some consequences...
Why should managers participate in the proposal development stage in the research process? Identify some consequences if the manager does not participate in this stage
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT