Wednesday, May 16, 2007
The Executive Exodus
I was at a conference in Edmonton last weekend and had a whole bunch of thoughts and insights and inspirations - but the one thing that is really sticking with me is that the CEOs and EDs of today all know the other EDs and CEOs of today - they have typically worked together or at least have known of each other for 20 years. Everyone (at least here in Calgary) is networked to everyone else. So what is going to happen when new people take up the reins in one great big wave? My concern is that all of these leaders in the np sector intuitively know what each other are up to, and what kind of organization they would be running because they know each other so well. This is an issue way deeper than mere succession planning - this is an issue of having a mass exodus of important knowledge leaving the sector. Will organizations have to rebrand in order to be better understood now that their EDs and peers are no longer around to intuitively know what they are all about. This would not be an issue at all except for the fact that stats are saying there is going to be an incredibly high turn over in the next ten years (those baby boomers! Off to 2nd homes in BC and golf courses.) I think this begs for some thought and planning. Unfortunately I work 800 hours a week so am only able to put this blog up to put the idea out there. Would love to know what you all think about this.
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