A word of caution for CEOs

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A word of caution for CEOs
Jagdish B Acharya, Consultant, India

CEOs Should Avoid Killing Hens that Lay Golden Eggs

In practice we see leaders who groom subordinates smartly and develop them as good leaders. Sometimes CEOs do not see the process of grooming and treat the new leaders as substitutes of their bosses.
With corporate pressures of reducing costs and due to fear of competition, there are chances of CEOs bypassing them and going directly to their next levels. They may see quick success in short term by way of reduced costs. They may even be not affected much due to resignations of such leaders due to smart subordinates.
But if it is done without backup plan, they may suffer due to increase in span of control and general disenchantment of people in the long run. Such leaders who groom subordinates are like hens giving golden eggs and getting rid of them may have serious consequences for CEOs.

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