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In The Talent Masters , Bill Conaty and Ram Charan explain how to do it. Conaty and Charan say that this is actually the hardest part of becoming a talent master. Your talent assessment/development systems should have as much “rigor and repeatability as systems used for finance and operations.” People deliver numbers.
The following functional areas exist within XYZ Widget: Finance, HR/Admin, Sales, Customer Service, Planning & Procurement, Materials Management, Manufacturing, and Quality Control. The Leadership Pipeline: How to Build the Leadership-Powered Company , Authors: Ram Charan, Stephen Drotter, James Noel; Publisher: Jossey-Bass, 2001.
Ram Charans recommendation is wrong. A similar proposal to Split Finance would likely have been rejected out of hand by organization leaders (and Harvard Business Review editors), because its obvious that the Finance function must fit the organization strategy and leader capabilities. Lets be clear.
Much of Charan’s recent work has tilted towards organization and people (books on strategy execution, leadership pipeline, talent and advice on intensity, change, leadership traits, performance management, governance). Charan’s latest column actually affirms the value of HR to sustained competitiveness. The bottom 20% won’t take help.
In the July/August issue of HBR , Ram Charan argues that the Chief Human Resources Officer (CHRO) role should be eliminated, with HR responsibilities funneled in two separate directions — administration , led by traditional HR-types, reporting to the CFO; and talent strategy , led by high-potential line managers, reporting to the corner office.
Human-capital issues are top-of-mind for CEOs around the world — but their regard for the HR function remains perilously low: In a PwC study , only 34% said that HR is well prepared to capitalize on transformational trends (compared with 56% for finance). Sadly, chief executives aren’t the only ones with this negative perception.
Ram Charan. Their VP of Finance kept warning them not to spend in a few key ways. Some of us were taught that it was weak to listen, that we need to speak up,” says Su. Without first recognizing the influence of your early years, it’s difficult to change. Further Reading. The Discipline of Listening. Communication Article.
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