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Effective succession management

first_imgTop tips by International consultancy DDIA DDI survey of more than 1,000 executives and HR professionals found thatin most cases, organisations prefer to fill more than two-thirds of seniorleadership positions from within the company. Over the years, working with19,000 organisations worldwide, DDI has identified the most important driversthat provide effective succession management. Here are the top 10: Have an up-to-date succession management system Individuals need to be developed at an organisational level rather than forspecific positions, and then matched to the most appropriate positions asvacancies arise. Meaningful, measurable goals associated with tangiblesuccession management outcomes, should be set in place. Know all the high potential people within a company CEOs should be encouraged to look throughout their entire organisation forcandidates suitable for accelerated development instead of solely relying ontheir personal knowledge. Again, systems must be in place to find these people,particularly those who don’t typically interact with senior executives. ButCEOs should get to know the high-potential people within their organisations aswell as possible. Have common standards across your organisation Effective organisations have set up systems to identify exceptionallytalented individuals throughout their organisations, especially those workinginternationally. The criteria which constitutes high potential needs to beagreed upon to create transparency and help line managers and divisional HRpeople to spot talent. It is important to attach similar recognition topreviously unknown leaders from newly-acquired segments of the firm. The best people are not always the ones who get the most meaningful earlyassignments Not all potential leaders have equal access to the best job and developmentassignments, or the opportunity to take on significant responsibility early intheir careers. To level the playing field for all of an organisation’sprospective leaders, the evaluation of individuals with high potential shouldbe based on core, basic skills enhanced by well-crafted evaluation. Treat candidates as individuals Once individuals are identified as having high potential, their developmentneeds must be diagnosed so that they can be given the experience and trainingnecessary to prepare them for success at senior levels. Ensure that development plans are implemented Ideally, a development-planning discussion would be combined with settingjob objectives at the start of each new assignment. Once given their tasks, adeadline, and told of the support they can expect, those high potentialindividuals will be able to determine which of their development needs can bemet. Never assume short-term issues are more important The best companies act on the belief that their future depends on the peoplethey develop. And many make time for succession management activities becausethey believe that both their boards and the stock market are increasinglyconcerned about the depth of talent in a company. Understand that diversity can’t be left to chance Once a succession management system is in place, diversity goals must be setand aggressively re-inforced through the CEO’s behaviour. Leaders mustcommunicate the need for corporate diversity, but being involved in planningand championing the development of those with high potential sends out astronger message. Let people learn from their mistakes When an individual makes a wrong decision, it must be considered as anopportunity to learn from their mistakes. Fostering an atmosphere where peoplecan make mistakes and learn from the experience is an important part of asuccessful management programme. Remain patient Remember: just as it takes time to build a client base or penetrate newmarkets, people – even the brightest and most talented – need time to grow anddevelop. www.ddiworld.com Comments are closed. Effective succession managementOn 19 Nov 2002 in Personnel Today Previous Article Next Article Related posts:No related photos.last_img read more

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AirAsia pivots to digital business with superapp, aims to capture ASEAN market

first_imgSoutheast Asia’s largest budget airline AirAsia Group is expanding its digital profile by launching a super app that provides a wide range of services from travel and lifestyle to logistics, in the hope of capturing the regional market despite the travel slump caused by the COVID-19 pandemic.AirAsia Group CEO Tony Fernandes on Thursday said the mobile application would be aimed at the ASEAN market as a whole rather than individual countries.“We’re nowhere near the size of Gojek or any other [companies]. But again, AirAsia is not about being dominant in one country but providing an ASEAN product,” he told The Jakarta Post during a virtual press conference, referring to regional ride-hailing firm Gojek. To fit into Indonesia’s market, Fernandes said that AirAsia’s mobile application would serve cross-country commerce and transactions within the ASEAN region amid the domination by ride-hailing giants such as Gojek and Singapore-based Grab.“We will serve the market for Indonesians who want to buy ASEAN products, and we want to build uniqueness that will be different from the big players in Indonesia,” he said.The airline’s rebranded digital venture, dubbed “AirAsia Digital”, comprises three main business lines, namely venture builder, online education provider RedBeat Academy and a data center.Its venture builder arm is currently developing five companies, including super app AirAsia.com, logistics provider Teleport, fintech solution BigPay, loyalty program application Biglife and restaurant franchise Santan. Fernandes said that the group was also open to additional investment from venture capital and other sources in order to expand AirAsia’s digital business and help boost its growth.“The AirAsia [airline] first raised capital with the private equity market and then through an initial public offering [IPO]. We’ll do exactly the same,” he said.He also denied that the company was moving away from the aviation industry, which has been pummeled by the COVID-19 pandemic, with its digital ventures, stating that the company had developed the venture since 2018.“This is our Plan A to diversify our revenue. This journey didn’t start during COVID-19, it started two years ago,” he said.The global aviation industry has been severely hit by the pandemic, as governments close borders and impose movement restrictions across the world. The International Air Transport Association (IATA) forecasts losses totaling US$84.3 billion for airlines this year as a result of the global health crisis.Publicly listed PT AirAsia Indonesia, AirAsia’s branch in the country, posted losses of Rp 909 billion ($61.2 million) in the first half of this year, significantly worse than the Rp 82.5 billion during the same period last year, according to the company’s financial statement.Meanwhile, AirAsia Group in Malaysia also charted a fourth quarterly loss between April and June period, when the company posted a net loss of RM 993 million ($238.3 million), compared with a net profit of RM 17.3 million in the same period last year, according to Reuters.AirAsia Indonesia recently reopened four of its routes from Bali starting Sept. 1, allowing passengers to travel from the famous island destination to Labuan Bajo in East Nusa Tenggara, Lombok in West Nusa Tenggara, as well as Yogyakarta and Surakarta in Central Java.According to a statement, the move is part of the airline’s efforts to gradually reopen its popular routes as it enters its third month since resuming operations during the pandemic.“We continue to work hard to gradually normalize the operations of our customers’ favorite routes, starting with our Bali hub,” AirAsia Indonesia president director Veranita Yosephine Sinaga said in a statement.Read also: AirAsia to reopen four routes from Bali hubTopics :last_img read more

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DNA Folds With Molecular Velcro

first_imgMany have heard how the inventor of Velcro got the idea from plant seeds that stick to clothing, but now Carlos Bustamente and team of Howard Hughes Medical Institute have found a velcro-like principle operating at a scale millions of times smaller.  Small proteins called condensins are involved in the elaborate folding that DNA undergoes as it is wrapped into chromosomes.  The team developed an ingenious method of gently pulling on DNA strands compacted with condensin.  Bustamente relates, “when we began to pull it apart carefully, we saw it extend in a sawtooth pattern of force, like the click-click-click of Velcro unzipping.”  When they relaxed the force, it collapsed back, then repeated the same pattern when pulled apart again.  “That perfect reproducibility strongly suggested to Bustamante and his colleagues that they were seeing a condensed structure with a well defined organization,” the press release explains.  Surprisingly, this reversible reaction did not require the expenditure of ATP.This is just one of the clever design features in the cell that allows over six feet of fragile DNA to be folded and compacted into a nucleus a few millionths of an inch wide.  For a simplified view of how this all works, see the PBS “Journey Into DNA,” available in Flash format or as a web page.  (The condensin comes into play in the frames where DNA forms tight loops.)  Even more amazing is that this tight packing still allows the translation machinery to find the right gene, gain access, and do its work.  For a glimpse of this additional complexity, see the 06/13/2002 and 03/08/2002 headlines.(Visited 10 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

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Qik on EVO Does Free Video Chat

first_imgAnother interesting feature available in the new Qik for EVO application is its “video mail” capabilities. If you want to send a video to a non-Qik user, you can send it out as an SMS message. This isn’t just a useful feature for unshackling video communications from being limited just to EVO handsets, but it also has the benefit of raising awareness about mobile video chatting services in general. Every SMS video message sent is like an ad for Qik…or maybe for EVO itself. The Rise and Rise of Mobile Payment Technology Beyond Qik: Skype, Fring, More?Video chatting won’t be limited to Qik/EVO pairings, though. If the stolen iPhone prototype is any indication, the upcoming iPhone 4G will include a front-facing camera as well and likely a mobile version of Apple’s iChat to take advantage of the feature. Fring is another up-and-coming company which began offering mobile video calls late last year on various Nokia devices. They’re now doing the same on all capable Android phones – in fact, they even beat Qik to the punch by a matter of days. And of course, there’s Skype, the grand-daddy of video chat solutions, who is launching an Android app later this year. Although Skype won’t officially say whether a mobile video calling feature will be included, an accidental blurb released from Skype PR seemed to confirm the company’s plans in that area. (“We intend to set the bar on mobile video calling, and it’s something we’re going to do this year,” a spokesperson had said before they took it back.) Are we on the verge of a mobile video chat revolution? It appears so. How useful will these types of service be? Time will tell, but our guess is: very. Video chatting is already popular on the desktop and laptop, both for business and personal use. Remote workers, virtual teams, work-from-home staff, helpdesk professionals and others take advantage of video chat capabilities while at work and individuals use it to connect with families and friends when far from home, too. Now with mobile video chat, the opportunity to reach another segment of the market – those whose primary “computer” is their mobile phone – is ripe. Not everyone slaves away behind a keyboard where traditional video chat programs reside. Now they don’t have to – mobile video chat brings this new avenue of communications to all owners of modern-day phones. Now if we could just get it on our wristwatch, we’d be all set. sarah perez Tags:#mobile#Video Services#web What it Takes to Build a Highly Secure FinTech …center_img Future, we are here. With today’s launch of the Sprint HTC EVO 4G, the hotly anticipated smartphone running Google’s Android OS, video chatting moves off the desktop and into the palm of your hand. Using the popular Qik mobile application, EVO owners will be able to chat with other EVO owners and, eventually, with any smartphone user whose phone sports a forward-facing camera. Are we on the precipice of a whole new form of communication? Or is mobile video chat going to be just for fun?Qik for EVO: Free Chat or Premium Features Qik is not the first company to launch video chat, neither here in the U.S. nor overseas, where similar services have been available for some time. On Windows Mobile, for example, niche solutions like iVisit and camfrog are available now, but don’t kick yourself for not knowing they existed. In the U.S. at least, no large video chat brand has ever attempted to do what Qik is doing now – launch a consumer-friendly video chat service on this scale.Oh, and it’s free, too. Pre-launch, there was some confusion as to whether Qik would be yet another nickel-and-dimed upgrade from Sprint, when leaked news seemed to point to a $5/month upgrade for its use, but now that the service has officially arrived, we at last have full details on what’s free and what’s not. The $5/month upgrade plan brings EVO users additional, premium features, but most can get by with the basic, free service without any issues. A comparison chart on Qik’s website highlights all the differences between the two plans, but the most notable valued-added features include video conferencing at higher video resolutions, unlimited video archiving, specialized video access permissions and “priority” support. In other words, this package is aimed squarely at business users whose needs will be greater than the everyday consumer. The premium features will be offered to all new users until July 15th, at which point the upcharge will kick in if you want to keep the premium service. Related Posts Why IoT Apps are Eating Device Interfaces Role of Mobile App Analytics In-App Engagementlast_img read more

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12 days agoWolves, West Ham eyeing Galatasaray defender Christian Luyindama

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say Wolves, West Ham eyeing Galatasaray defender Christian Luyindamaby Paul Vegas12 days agoSend to a friendShare the loveWolves are eyeing Galatasaray defender Christian Luyindama.Luyindama joined the Turkish Super Lig team from Standard Liege in the summer, for a reported fee of €6m euros.Aston Villa were said to be interested in a move for the DR Congo international.Fanatik says Wolves and Premier League rivals West Ham United are now eyeing a January deal for the 25-year-old.Scouts from both clubs having reportedly watched him in recent Champions League games against Paris St Germain and Club Brugge. last_img

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13 hours agoTierney insists Vitoria win proved fight and desire within Arsenal squad

first_imgAbout the authorFreddie TaylorShare the loveHave your say Tierney insists Vitoria win proved fight and desire in Arsenal squadby Freddie Taylor13 hours agoSend to a friendShare the loveKieran Tierney says the 3-2 comeback win over Vitoria on Thursday shows Arenal have “fight and desire”.The Gunners looked destined to lose their second consecutive match until substitute Nicolas Pepe stepped up to score a free-kick.The Ivorian repeated that feat in the final minutes to clinch the victory for Unai Emery’s side.Tierney said: “It showed the other side of our game. The Standard Liege game was different, we scored four goals and it was comfortable. It shows we’ve got fight and desire.”When teams come here the pressure is on us, so it gives them more freedom, the expectation is on us, but we got the three points and that’s the main thing.” last_img read more

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Details of planned downtown Las Vegas casinoresort expected

first_imgLAS VEGAS — Details of a planned 777-room casino-resort that will rise in the entertainment district of downtown Las Vegas are set to be announced.The owners of the planned development along Fremont Street will reveal the property’s name and amenities Thursday.It will become the first casino-resort built from the ground up in downtown Las Vegas in more than three decades.The proposed casino-resort will occupy an entire city block where the Las Vegas Club casino-hotel, Mermaids casino and Girls of Glitter Gulch strip club once stood.It is not the only planned development coming to downtown Las Vegas. The Downtown Grand casino-hotel announced Monday it will debut an additional hotel tower in mid-2020, while the video canopy above Fremont Street is set to undergo a renovation that will enhance its resolution.The Associated Presslast_img read more

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Nasa finds pulsar speeding in space at 4 mn kmhour

first_imgWashington DC: NASA has discovered a pulsar hurtling through space at nearly four million kilometres an hour — so fast that it could travel the distance between Earth and the Moon in just six minutes. Pulsars are superdense, rapidly spinning neutron stars left behind when a massive star explodes. This one, dubbed PSR J0002+6216 (J0002 for short), sports a radio-emitting tail pointing directly toward the expanding debris of a recent supernova explosion, NASA said in a statement. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from US”Thanks to its narrow dart-like tail and a fortuitous viewing angle, we can trace this pulsar straight back to its birthplace,” said Frank Schinzel, a scientist at the National Radio Astronomy Observatory (NRAO) in the US. “Further study of this object will help us better understand how these explosions are able to ‘kick’ neutron stars to such high speed,” said Schinzel. Pulsar J0002 was discovered in 2017 by a citizen-science project called [email protected], which uses time on the computers of volunteers to process Fermi gamma-ray data. Also Read – Record number of 35 candidates in fray for SL Presidential pollsThanks to computer processing time collectively exceeding 10,000 years, the project has identified 23 gamma-ray pulsars to date, NASA said. Located about 6,500 light-years away in the constellation Cassiopeia, J0002 spins 8.7 times a second, producing a pulse of gamma rays with each rotation. The pulsar lies about 53 light-years from the centre of a supernova remnant called CTB 1. Its rapid motion through interstellar gas results in shock waves that produce the tail of magnetic energy and accelerated particles detected at radio wavelengths using the VLA. The tail extends 13 light-years and clearly points back to the centre of CTB 1. The team was able to measure how quickly and in what direction the pulsar is moving across our line of sight. The result supports the idea that the pulsar was kicked into high speed by the supernova responsible for CTB 1, which occurred about 10,000 years ago. J0002 is speeding through space five times faster than the average pulsar, and faster than 99 per cent of those with measured speeds. It will eventually escape our galaxy, researchers said. At first, the supernova’s expanding debris would have moved outward faster than J0002, but over thousands of years the shell’s interaction with interstellar gas produced a drag that gradually slowed this motion. Meanwhile, the pulsar, behaving more like a cannonball, steadily raced through the remnant, escaping it about 5,000 years after the explosion. Exactly how the pulsar was accelerated to such high speed during the supernova explosion remains unclear, and further study of J0002 will help shed light on the process. One possible mechanism involves instabilities in the collapsing star forming a region of dense, slow-moving matter that survives long enough to serve as a “gravitational tugboat,” accelerating the nascent neutron star toward it.last_img read more

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La Liga set for big finish despite Barcelona procession

first_imgMadrid: Barcelona might have their eighth title in 11 years all-but sewn up but, with six games left to play, La Liga is far from finished. Atletico Madrid are battling city rivals Real Madrid for bragging rights and second place while Sevilla, Getafe and Valencia are in a three-way scrap for the last Champions League spot. Real Betis, Athletic Bilbao and Alaves could all make the Europa League, and at the other end of the table, seven clubs are facing the threat of relegation, with five of them separated by only three points. Also Read – Puducherry on top after 8-wkt win over ChandigarhHere, AFP Sports takes a look at what is left to play for ahead of round 33 this weekend. Barcelona sit nine points clear of Atletico and will be confirmed as champions later this month if they beat Real Sociedad on Saturday, Alaves and then Levante at Camp Nou on April 27. The title could be wrapped up sooner if Atletico slip up, with Diego Simeone’s side away to Eibar on Saturday before a tricky game at home to Valencia next week. Ernesto Valverde is likely to rest players to keep them fresh for their Champions League semi-final against Liverpool but it is important to maintain momentum too, not only for those two legs but also the Copa del Rey final against Valencia next month. Barca have a treble in their sights. Also Read – Vijender’s next fight on Nov 22, opponent to be announced laterFinishing ahead of Real Madrid for a second consecutive year might not make up for Atletico’s early exit from the Champions League or their timid title challenge but it would still be an impressive achievement for a club that continues to punch above its weight. For Real and Zinedine Zidane, making up the four-point gap would be scant consolation for a miserable season that cannot end soon enough. They play at home to in-form Athletic Bilbao on Sunday, when focus will again be on Zidane’s selections and any clues as to who might stay or go in the summer. Gareth Bale, left out against Leganes on Monday, looks likely to be on his way. They were title challengers in November, doubtful to make the top four in March and now Sevilla are favourites to take the final Champions League spot ahead of Getafe, whom they visit on Sunday. Four wins, including one over rivals Real Betis last weekend, and a draw since Joaquin Caparros swapped his role as sporting director for coach has put Sevilla one point ahead of Getafe, whose own challenge will go down as one of the most remarkable stories of the season. Valencia are only three points back and will profit whatever the result at Coliseum Alfonso Perez, as long as they win on Sunday away at Betis. That qualifying for the Europa League might end up as something of a disappointment for Getafe speaks volumes for their season but, as well as Valencia, in contention for the top six are also Athletic Bilbao, Alaves and Betis. Bilbao were facing a relegation battle after winning only one game before December but a surge under new coach Gaizka Garitano means they are now only three points off sixth. Alaves were fighting for the top four only a few weeks ago but have tailed off while Betis might have to beat Valencia this weekend to keep their hopes of a European place alive. Huesca look doomed at the bottom of the table and Rayo Vallecano, five points adrift of safety, may have left themselves with too much to do, even if they win at home to Huesca on Saturday. But three points separates Real Valladolid in 18th and Girona in 14th, with Villarreal, Levante and Celta Vigo in between. Valladolid have the most to do while Girona are highest but arguably in the worst form, closely followed by Levante, who still have Real Madrid and Atletico to play. Villarreal have a knack of self-destructing but should survive and Celta seemingly cannot win without Iago Aspas, although he is back from suspension on Saturday, for a crunch game at home to Girona. Fixtures (times GMT) Friday: Alaves v Valladolid (2000) Saturday: Celta Vigo v Girona (1200), Eibar v Atletico Madrid (1515), Rayo Vallecano v Huesca (1730), Barcelona v Real Sociedad (1945) Sunday: Levante v Espanyol (1100), Getafe v Sevilla (1300), Real Madrid v Athletic Bilbao (1515), Villarreal v Leganes (1730), Real Betis v Valencia (1945).last_img read more

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Brilliance from Balurghat Four students make Bengal proud bag felicitation from NASA

first_imgBALURGHAT: In a remarkable achievement, four students from a private English medium school in Balurghat were felicitated by the National Aeronautics and Space Administration (NASA) in USA for their successful participation in an International essay competition.Ankan Chakraborty, Daisy Chowdhury, Sourajita Kar and Vaidehi Mondal studying in Class XII of The Green View English Academy took part in the essay competition on April 15 after qualifying through an online screening test from Balurghat. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaAccording to a source, out of 3,000 students participating from India, 70 were finally enlisted to participate in the competition after a preliminary screening. A private USA-based institution had conducted the essay competition on ‘Spaceship and Astronomy’, in which only five students were selected for international ranking. Ankan, who topped for among the five, has got the opportunity of studying at the Florida Institute of Technology after his Class XII examination, along with a scholarship of 10,000 dollars per year. Vaidehi was the recipient of the Kalpana Chawla Achiever Award, while Daisy and Sourajita were rewarded the Space Explorer Award. Also Read – Bengal civic volunteer dies in road mishap on national highwayVisibly overjoyed after receiving the award from NASA, Ankan said: “Aeronautics and space have been my passion since childhood. My parents have inspired me a lot regarding the subject.There was no pressure on my shoulders from their end to top in exams. They were very supportive and I also am grateful to my teachers who have contributed enormously to my success. It was my dream to get an opportunity in NASA after the Class XII board exams.”Like Ankan, Vaidehi, Sourajita and Daisy also have great interest in science and research work on space and astronomy. The trio has already set their minds on research work on satellite and telecommunication from any reputed college in India. “Our predecessors Kalpana Chawla and APJ Abdul Kalam have contributed a lot in the particular sector of space and telecommunication. India has a long way to go. We will be delighted if we get chances in the Indian Space Research Organisation in future,” they said. Hailing the feat, principal of the school Kakali Chakraborty said: “We are all delighted. They were successful as they followed both discipline and intensive study.”last_img read more

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