Choosing the Right Leader
Scenario (fictional): The Taleo family has been in the medical products or cosmetic products company (your choice) for over 50 years. They have always had a family member as president of (your company name of choice). As the current president steps down, the founders’ remaining family members are not inclined or are unable to take over the business and have called you in as their consultant to perform the executive search. They know this will be a challenge based on several changes that may need to occur soon to continue their business successfully.
The industry is beginning to change. The competition is switching to using blockchain ledger technology that shares data within a network in sequential order with a timestamp—like a database, but encrypted. The competition has also been increasingly automating their production line. With the increasing competition, the company you are consulting for realizes that the business may not survive without changing to these technologies. This change will mean laying off some personnel, and this will be the first time in its history that this company has had to contend with significant layoffs; in the past, layoffs were not necessary since growth outpaced the need to lay off workers. With no family member currently available to lead the company, the company must do an intensive search for an individual suited to their industry with the right expertise, education, and personality to lead the company into a new era.
The company culture remains the same, with an industry reputation for reliability. Most employees pass their jobs on to someone else residing in the local community by referring them for the job, so all employees feel like one extended family. They expect little change now. Although their market has been predominantly in the United States (U.S.), with little or no diversity in the workforce, they are increasingly getting inquiries from Asian countries since competitors’ prices have increased substantially. Currently, there are 300 employees in this small Southeastern U.S. city, though the salaries and benefits have always been on par with the industry salaries elsewhere in the country. Their belief in the customer first, taking the time to get things done in a precise manner, and honesty have been hallmarks of this family business.
In light of this company’s likely future demands and needs, and as this company’s consultant hired to do the executive search, you will address checklist items in a presentation.
Checklist:
Identify the industry and the name of the company (your choice) based on your choice of either a medical products orcosmetic products company, and identify the products the company provides.
Summarize the problem and the company’s culture as presented in the scenario. Describe any changes that might be necessary about the type of personality the new president will need.
Explain the traits and personality factors that should be considered when selecting the next president using the reading from Chapter 5. Include the Big Five personality traits, Holland’s typology, and at least one other personality theory in your response (you may use the Internet, but provide the source URL).
Explain how the personality you described previously of the new president would benefit the employees and the success of the company going forward.
Submit your 8- to 10-slide Microsoft® PowerPoint® presentation with no more than five bulleted items per slide, in 24-point font, with either: (1) an audio presentation and speaker notes below each slide or
(2) a presentation without audio but with speaker notes below each slide.
Explanations of the bulleted points should be placed below each slide in the notes section. If you submit an audio presentation with notes, the bulleted points should be explained in the audio and notes and be audible, intelligible, and professional.
Your presentation should have additional title and reference slides. Be sure to check your presentation for correct spelling and grammar, and then submit it to the competency assessment Dropbox. The title of your presentation will be: Finding a New Leader for (your choice) Company.