Premium
Executive derailment: Three cases in point and how to prevent it
Author(s) -
Capretta Cara,
Clark Lawrence P.,
Dai Guangrong
Publication year - 2008
Publication title -
global business and organizational excellence
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 16
eISSN - 1932-2062
pISSN - 1932-2054
DOI - 10.1002/joe.20203
Subject(s) - derailment , intervention (counseling) , point (geometry) , baby boomers , executive summary , business , psychology , operations management , track (disk drive) , engineering , economics , finance , psychiatry , demographic economics , mechanical engineering , geometry , mathematics
The high rate of executive derailment is cause for concern, especially as large numbers of less experienced individuals begin to move into executive roles vacated by retiring Baby Boomers. Research has identified the most prevalent causes of derailment, and company intervention—along with the individual's resolve to improve—can successfully put an otherwise talented executive or high potential back on track. The authors discuss the most common factors in the failure of CEOs, executives, and high potentials; examine three cases where companies implemented well‐designed plans to save a career in trouble; and provide recommendations to individuals and organizations alike for preventing promising careers from stalling out. © 2008 Wiley Periodicals, Inc.