An outgoing CEO gives three letters to new incoming CEO, as an advice to open each letter after completing the 1st Year, 2nd Year and 3rd Year respectively.
On completion of 1st year, when the targets are not met, struggling to prepare for his board meeting. He could not find any suitable answers. Then immediately, he recalls these three letters and opens it first one...It mentions that ‘Blame it on your predecessor’. With this advice, he manages the board.
On completion of 2nd year, he face the similar situation. After long hours of thinking & groundwork for board meeting, he goes ahead to open his 2nd letter...It mentions that ‘Blame it on the Market’. With this tip, he manages the board, gets the opportunity for another year.
On completion of third year, he boldly goes ahead and opens his the third letter..It mentions that ‘Prepare 3 letters’....!!!
An outgoing CEO gives three letters to new incoming CEO, as an advice to open each letter after completing the 1st Year, 2nd Year and 3rd Year respectively.
On completion of 1st year, when the targets are not met, struggling to prepare for his board meeting. He could not find any suitable answers. Then immediately, he recalls these three letters and opens it first one...It mentions that ‘Blame it on your predecessor’. With this advice, he manages the board.
On completion of 2nd year, he face the similar situation. After long hours of thinking & groundwork for board meeting, he goes ahead to open his 2nd letter...It mentions that ‘Blame it on the Market’. With this tip, he manages the board, gets the opportunity for another year.
Courtesy: Sambit Daspatnaik, PMO, Isoft.
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