Career Building
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You are a multi-skilled management person contemplating a workplace change. You are comfortably placed in a medium-sized organization (ABC Inc.), working in the middle management. You have been offered a position of a senior manager in another medium sized organization (XYZ Inc.), as a functional head with a significant increase in your responsibilities.
The situation in XYZ Inc. is as follows:
There has been a takeover attempt on XYZ Inc. by a large company that is twice its size. This large company dominates the industry. The performance of XYZ Inc. is currently not good. The two recent launches of new products have not succeeded as expected. The economy is turning around and XYZ Inc. is known for employing the best people and the best research technology in the industry.
The company which has made the takeover offer is a giant and has immense resources. However, it is bureaucratic and not known for latest technology or research.
According to the CEO, the offer for the takeover is quite attractive. There is a 50% chance of acceptance of the offer of acquisition by the board and the shareholders.
Evaluate your current position versus the offer in terms of:
Opportunities for proving your mettle in a challenging environment
Long term career growth
Opportunities for wider experience
Job security
Professional risk
Unpredictable business environment
Family commitments
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Solution Summary
In assessing the situation it is important to establish the facts of the existing situation first. You are in middle management in a medium size company and have been offered a position in senior management, as a functional head, in a company which is of the same size at present. Thus far, as the term denotes, if you were to make the change, you would be building you career, as you would be making horizontal move generic organizational structure. This would make any future lateral move to another company, one on the level of a senior manager. You would...
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Career Building
In assessing the situation it is important to establish the facts of the existing situation first. You are in middle management in a medium size company and have been offered a position in senior management, as a functional head, in a company which is of the same size at present. Thus far, as the term denotes, if you were to make the change, you would be building you career, as you would be making horizontal move generic organizational structure. This would make any future lateral move to another company, one on the level of a senior manager. You would have created value for yourself as a commodity by changing your title from middle to senior management.
The next step in this analysis is to examine the possible scenarios which might play out if the move were made. There is a 50% chance the company to which you would move, XYZ, will be taken over by a larger company which is an industry leader.
On the pro side, the takeover would be a ...
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