Opportunities for advancement: "Excel instead of excellence": Three factors determine who makes it to the top in German companies
Many companies always promote the same types of people and leave the workforce frustrated. Experts explain the key mechanisms - and what needs to change.
An increasing number of covert search assignments by recruitment consultants, such as Heidrick & Struggles' Germany head Nicolas von Rosty, indicate that supervisory boards and entrepreneurs are losing confidence in their top executives and are seeking replacements. Many managers are hesitant to make drastic decisions, such as layoffs or changes to their business model, due to crises, trade conflicts, and artificial intelligence.
This indecision can have severe consequences if the wrong leaders are in place, leading to a loss of productivity, innovation, and talent. As a result, companies are losing their competitive edge.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
