Executive Assessments Using Simulations

Succession Planning
Knowledge Center

 

Next Topic

Succession Planning > Best Practices > Executive Assessments Using Simulations

Executive Assessments Using Simulations
Andreas Klug, HR Consultant, Germany, Member

The success of a company depends on its top managers and executives. Decisions regarding engagements, staffing and positioning in this domain have extensive consequences and strategic impact. Business projects like the introduction of a new product need time. From planning to accomplishing up to the first earnings, months or years could pass by. Therefore, in many cases executives harvest the outcome of their activities considerably time-shifted. Likewise it does not become immediately apparent but time-shifted, whether a new executive is successful and if your engagement decision was appropriate or not. This delay is one of the reasons why a wrong engagement decision can easily cost several annual salaries. So it makes sense to ensure engagement decisions and investments in top managers and executives are right by using individual assessments before you decide if a candidate is capable and will be successful. With rising level of the position, metadisciplinary competencies (e.g. (...) Read more? Sign up for free

Please register now to read all responses and to join this discussion yourself. It's easy and 100% free.

Sign up for free     Log in


         
Special Interest Group Leader

Interested? Sign up for free.


Succession Planning
Summary
Forum
Best Practices


Succession Planning
Knowledge Center

 

Next Topic



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2020 12manage - The Executive Fast Track. V15.5 - Last updated: 10-4-2020. All names of their owners.