Solving the succession planning issue -Case Study
Summary
Find out how PSD Partners used it unique network to recruit a senior Product Manager. The recruited for their client’s Product team in a cost effective and time efficient manner. Succession planning is about all key functions within an expanding company/division, not just about CEO level positions.
In 2009 Munich Re Automation Solutions restructured across the board. They established, for the first time, a formal Product Management team. This new structure was put in place to drive the business forward. It also help capitalise on the considerable growth opportunity that integration into the Munich Re global structure represented. Initially, the Product Management team was staffed by exceptional contributors from within the company. Management noted that the internal talent pool, while excellent, was largely technically focused. They needed recruit people with both technically as well as a boarder market understanding. They needed to combine a broader experience of the product management discipline,with market dynamics and technology evolution understanding.
As Munich Re Automation Solutions’ Product Director said “PSD Partners were thorough and professional. They have an inventive approach to problem-solving. PSD Partners invested time and energy to understand the needs of our business. We found them to be both candid and expert. It was clear that they brought their wide and considerable experience to this project. And even with all that work, they provided clear, precise and detailed updates, plus real-time support.”
Succession Planning is key to the continued success of any business. When recruiting, business need to consider each senior hirer in their boarder succession planning process.
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