Dr. Ali Sharab, who has vast experience in studying the general trends in succession issues in the Arab corporate world, says readiness levels for replacing senior management persons is almost non-existent in most companies.
“Senior managers don’t pay much attention to the task grooming top company officials who could take up a top position when the need arises. On one hand, these companies are deploying advanced management solutions, they lag behind terribly when it comes to preparing their associates to take leadership positions,” Dr. Sharab added.
The current crisis particularly calls for proven corporate succession techniques, and this preparedness can be a pillar in any company’s growth and longterm success. The challenging part for companies is how to develop the capabilities of associates to head up a company even when they are not very prepared.
Dr. Sharab adds, “Seniors have to teach their associates how to think strategically and share with them every single detail in order to provide them the tools and expertise to lead the business and ensure seamless transition. Only a few Arab companies have started to identify the potential in their middle managers with a long term aim of getting those managers to sit on a C Suite desk. Companies have to handpick a few potential candidates so that there are options whenever a senior position falls vacant.”
Psychometrics is as key tool in assessing the suitability of associates for positions of first line managers. It also teaches how to motivate them for the role and nurture their skills and capabilities for promotion.
Dr. Sharab concluded, “Psychometrics is vital in succession plans, and so is the level of cooperation between the successor and the outgoing boss.”
Wednesday, February 4- 2009 @ 16:45 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.