Career Development Strategy
At the moment of transition, classically there are four paths which clients wish to explore. These are:
Progression
Progressing into another full time executive role. Nearly 50% of our clients choose to continue in the field in which they are established. This can be with a listed company but increasingly involves entities backed by private equity interests.
Portfolio
Adopting the pluralist approach. This phrase has become axiomatic for the construction of several part-time, and generally non-executive roles. These vary from three or four Chairmanships to a combination of consulting and non-executive roles. These roles can cross the ever-diminishing public/private sector divide and include not-for-profit organisations. Approximately 25% of our clients followed this route in 2002/03. Such ‘portfolios’ increasingly include involvement in enterprises backed by private equity.
Platform
Constructing one’s own business platform. Where a client’s strategy is to develop an independent business, we have strategic partnerships with firms who advise and provide practical support in the early stages of business start-up – in accounting, tax, administration, IT support, marketing, and PR. At times, the percentage following this route and availing of our infrastructure can give our offices the flavour of a business incubation unit.
Potential Reinvention
Reinventing themselves. Increasingly, many successful executives are deciding not to continue doing what has made them so successful; they make a step-change into something completely different whilst still in what would formerly have been thought of as mid-career.
Career Development Strategy
