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Transition in Leadership

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Transition in Leadership: the issue and office dynamics of bringing lateral at senior positions.

HRM in Banking : Term Paper

Mrinal Mardia

Content:

1. Introduction - Is Leadership that critical! 2. Need of Hiring Laterals a. Globalization b. Lack of Inner talent recognition c. Volatility – 2008 Crisis. 3. Issues – a. Financial, b. Performance, c. Culture – Leadership Behavior and Employee Engagement. 4. Way Ahead 5. Bibliography

Transition in Leadership: The issues and office dynamics of bringing laterals at senior level. The dictionary defines leadership as the act of leading, guidance, and direction. Wikipedia defines Leadership as “a process of social influence in which one person can enlist the aid and support of others in the accomplishment of a common task". The key difference is between the first and the second is words like social and enlist. It means leadership cannot be forced it has to be commanded and not demanded. And therefore still in the 21st century each not much has changed in the leadership arena. The companies and large and organization are still looking for people within the organization than bringing in people from outside because of the simple fact that its much easier to connect, trust and enlist for a leader whom you have known for decades than an outsider who has just been around for a few month. According to a data in a given month around 3.0% of U.S. labor force moves from one employer to employer.

Need of Hiring Laterals:

1. Globalization: Apple earned 26% of its revenue from Asia Pacific mainly China and 22%

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