The New Road To The Top
Essay Preview: The New Road To The Top
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By Peter Cappelli and Monika Hamori
Todays top managers of Fortune 100 companies are fundamentally different from the past 20 years. American executives tended to be model organization men who stuck faithfully with the companies that first hired them. But now, they are younger, more of them are female, and fewer of them were educated at elite institutions. They reached the top faster and fewer jobs along the way.
Executives are moving up faster than they did once. Todays career ladder seems to have fewer rungs, this trend is consistent with the wire spread perception that corporate hierarchies and flattening. The percentages of the top and middle position declined, while the percentage in lower position expanded substantially.
One of significant reasons is executives are much more likely to be promoted in the firms with high growth rates than stagnating companies. And younger firms offer faster advancement, perhaps because of their tendency to have flatter hierarchies but those opportunities come with uncertainty of your career derailed by reorganization.
Another set of lessons concerns on an individuals advancement to the top are tend to be among the youngest in their colleagues. And to filling a gap in required competencies from rung to rung, firm may be easiest hire the top who did well in small company to their larger one.
For female executives, while women were scarce among the most executives but they are normally reached the top faster and at a younger age. There are not sure why these women progressed so quickly
The predictions for 2021, graduate training in business, especially the MBA degree, become much more important for access to the top level. MBAs will be even more outstanding in executive suites in the next generation. Thus, in the future, it may be more and more common for aspiring executives to develop performance records in small companies