Succession Planning Essay

Words: 1105
Pages: 5
Open Document
CASE STUDY ON SUCCESSION PLANNING AT RANBAXY

Formation of the Company:
Ranbaxy Laboratories Limited was started by Ranbir Singh and Gurbax Singh in 1937 as a distributor for a Japanese company Shionogi. The name Ranbaxy is a combination of the names of its first owners Ranbir and Gurbax. Bhai Mohan Singh bought the company in 1952 from his cousins Ranbir and Gurbax. After Bhai Mohan Singh's son Parvinder Singh joined the company in 1967, the company saw an increase in scale.
Summary of the Case Study:
Ranbaxy ranks No. 1with a 2007 turnover of Rs 4,198.96 crore (Rs 41.989 billion) by sales, Ranbaxy is the largest pharmaceutical company in India. The case discusses about the CEO succession planning controversy at Ranbaxy …show more content…
In the given case study it clearly states that there has been a big misunderstanding between Brar and the promoter (Bhai Mohan Singh) over Dr. Singh’s vision of shifting half the company over to US, this decision was strongly opposed by Bhai Mohan Singh. Regardless of this opposition, Brar went ahead with Dr. Singh’s plan and made the company to emerge in the top level in the international market globally. Therefore, his decision to step down as the CEO is both a forced one and a personal choice. The forced one is not shown directly but it is indirectly indicated by Bhai Mohan Singh which led Brar to step down on his own (personal choice). Below is a paragraph to prove that Brar’s decision was both a forced one and a personal choice.
Commenting on the conflicting views in the media regarding this issue, an analyst remarked, “We feel that this slight aberration is mainly because of the sentimental issues involved.” According to Business Today Magazine dated July 1999, for six years, Bhai Mohan Singh has harboured a major grouse; he attributes the fallout with his son to certain ''elements'' in the company. ''I realise that some people in Ranbaxy influenced his (Parvinder's) mind,'' he says, while refusing to divulge their identities. Therefore, the patriarch is apprehensive that history might be repeated. Two other things bother Bhai Mohan Singh. How would Brar & Co. decide to induct Malvinder without grooming him and giving him a chance to prove himself in a
Show More

Related Documents: Succession Planning Essay

Succession Planning Essay

ARNOLD ZIO HUMAN RESOURCE MANAGEMENT SPRING 2013 SUCCESSION PLANNING ON APPLE CORP "Succession planning is a process for identifying and developing trained corporate employees with leadership skills and the ambition to take on a leadership positions within a company. Succession planning makes the availability of experienced and capable employees that are prepared to take on a leadership role as the time comes for availability". "In the business world many companies have been strategizing…

Words 450 - Pages 2

Essay about steps effective leadership dev 1657106

Style for Your Organization ...... 7 2. Identify Current and Potential Leaders Within the Company ...... 7 3. Identify Leadership Gaps ......................................................... 11 4. Develop Succession Plans for Critical Roles ........................... 12 5. Develop Career Planning Goals for Potential Leaders ............. 14 6. Develop a Skills Roadmap for Future Leaders ......................... 15 7. Develop Retention Programs for Current and Future Leaders . 18 Conclusion .....…

Words 5428 - Pages 22

Notes On Succession Management

MT6310  Learning Plan 4 Succession Management   Succession management is an ongoing process of systematically identifying, assessing, and developing an organization’s leadership capabilities to enhance its performance.  Succession management affects the organization’s long-term direction and growth. Important Facts   The first of the baby boomers filed for Social Security in 2007 (Reester, 2008).  As 76 million Baby Boomers begin to leave the workforce, the United States will experience…

Words 514 - Pages 3

Performance Appraisal System Essay

Conclusion : -A performance appraisal helps in setting up goals -Encourages and motivates the employee -Zigon model recommended for team performance -Succession planning a key to identify skills and competences of an employee D2- Next Steps -Human Resources to schedule training for all leadership -Implementation of Zigon Model -Implementing succession planning process, key competencies and the critical positions will be identified References Gray, Carolyn. Team vs Individual Performance Appraisals.…

Words 425 - Pages 2

Assignment 4: Southern Company Case Study Essay

Methods vary depending on the type of business being evaluated. Southern Company can use a Balanced Scorecard method to identify succession and talent gaps, distinguish elements driving employee performance, and gauge employee satisfaction. Southern Company can also use the Return on Investment (ROI) method to measure the success of its training initiatives. Another proficient way…

Words 1652 - Pages 7

The Idea Watch Essay

The idea watch The case study gives us an image of succession planning.it tells us about the thumb rules of selecting the CEO now and previously. The main challenges the corporate boards have is selecting the right candidate as they lack in data and there is too much dependency on fads and anecdotes. After that the thinking shifted that the selection of internal candidates is a better option. Even after making decisions the result that they got was equal results from the insiders as well as the outsiders…

Words 311 - Pages 2

Law 421 Week 1 Dq1 Essay

Discussion Questions One 1. To what extent does succession planning—such as for wills, estates, and trusts—affect business? How might these legal topics interact with your current or past job or industry? Every company succession plan carries the three bases that are will, trust and estate. The will, trust and estate provided a financial security and help plan the future. The purpose of the succession planning is it helps in organizing wealth that is transferred from one generation…

Words 1100 - Pages 5

Bus 303 Essay

Veterans Health Administration (VHA) Vernon Williams HCA 421 Health Care Planning & Evaluation Instructor: Elaine Testerman December 17, 2012 The 16th President of the United States, Abraham Lincoln' had a promise “To care for him who shall have borne the battle, and for his widow, and his orphan” by serving and honoring the men and women who are America’s veterans. (VHA) .When looking into the maximum comprehensive organization of assistance for veterans, the United States is…

Words 2316 - Pages 10

Describe The Concept Of Vision And Mission In Organization

description. Q2.A) Define planning B) Explain importance of planning Ans.Definition of Planning Planning can be defined as a basic management function which enables one to select the purpose of the business, and how the resources should be mustered to achieve that purpose to include using the available resources optimally to do that. Planning implies goal setting for the organisation keeping in mind the constraints, opportunities Importance of Planning Planning is important for the following…

Words 707 - Pages 3

Schukra Assignment Instructions Fall 20 Essay

graduate? Is there any value in targeting students who are still 1 to 2 years from completing their degree? Your Report should not exceed six pages in length (excluding title page, references and exhibits). SCENARIO 2: Succession planning from scratch. GROUPS: 5-8 The Schukra salaried employee organization has increased by approximately 10% year-over-year from 2010 to date. We have 167 regular full time salaried employees. The rate of…

Words 1493 - Pages 6