How To Turn Executives Into Wizards

Wrong Hires Can Lead to Dire Quagmires: “One Third of People Decisions Turn out Right” --- Peter Drucker         The current situation is worse than it was in Peter Ducker’s time. ‘A bad apple spoils the barrel’ goes a saying. The implication is obvious - that most companies often select bad apples and then complain that lower morale and unsatisfactory financial results are due to other reasons. Though they blame the external environment, the bad apples are the real reason leading to such a quagmire.   Recruiters do their best, but the faults lie in the methods, processes and tools that they use. The widely used series of interview methods are mainly responsible for bad apples getting in. Interviewers at all levels have biases and prejudices as well as pet theories and formulas. If you think this is an overgeneralization, think again in the light of this story with a moral. A priest with an immaculate dress, poise and demeanour was in a train comp...

“Hello, Ram please come in. We are meeting after a long time. I have been meaning to speak to you and other classmates to plan a celebration for our start-up champion Lakshmikant’s entry into the ‘Unicornians Club’,” said Hari, who was the Vice-Chairman of his family-owned company. “That will be a prolonged wait, Hari.”  “Why do you say that?” “Because Lakshmi (wealth) is gone, the start-up has failed, and  ‘Can’t' rather Kant is not meeting anyone.  “How tragic! But he had raised very large amounts of funds. Was he cheated by someone?” “Not at all. It was all his doing. He ‘burnt the money’ and the firm went bust.” “You are joking. Surely, no one burns money intentionally.” “You’ll be surprised by how many do. It wasn’t just Lakshmikant. According to reports, more than 90% of start-ups fail and the main cause is because they are burning money.”  "Business is always risky and failure is, in some ways,  implicit. But failures on such a large scale are a mystery. ...