Every industry is going through an internal churning in the slowdown that the world is facing. While, the world is looking towards China and the other BRIC countries Brazil, Russia and India, the industry is also facing a new dilemma. It is a question which the industry is finding very difficult to address. The working professional who have put in 30-35 years of service in any industry were not too long ago were considered an asset. They used to be in demand in rival companies as well. In the poaching that used to be witnessed cutting across all industries barring the IT and ITES, these experienced professionals were very much in demand.
But today, in some of industries these professionals with 30-35 years experience have become misfits. While industry is willing to give them their due but at the same time industry wants them to work in tandem with new technologies and take young generation along with them. While, they have rich experience but at the same time they should be open to work alongside a person who may be a little less experienced.
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Today industry is welcoming young MBAs and are appointing them as young CEOs to hold strategic positions in the industry. The old guard is feeling the heat because their positions are getting threatened. It is for their benefit that these experienced professionals realize the importance of generational shift which is taking place in our times.
It will be not out of place to mention that experienced professionals carry tonnes of experience with them. Some of them are just too knowledgeable and formidable in their chosen professions to be allowed to drift away.
Young CEOs may bring with them freshness and novel ideas about the future of the organization but at the same time they may have to realize that they may have to bend just an extra bit to win the confidence of their senior professionals who may still have something to contribute towards the organizations successes.