Build your professional network on facebook via our app Go to app
 
<< Prev  2 of 6 in Topic  Next >>
Topic : The Indian Identity
  Rate : 
 

Rent a CEO ..... Is this concept applicable in Indian industries?

Created by : Nitin M Aras, Head/VP/GM-Tech. Support, ODTIN Food Solutions Pvt Ltd  | 04 13 2010 18:12:00 +0000
Keywords : rent a ceo ..... is this concept applicable in indian industries?
Activity:  275 views;  last activity : 07 06 2010 20:18:09 +0000
 
 Refer 215
Share
 
 
  Rate : 
 
 
YES Vs NO
7
 
 
 
 
11
6
7
Support   Support
Top Argument
1
0

I've been personally operating on precisely this model for the last 5 years .... and $40Mn of Equity Investment raised is a fair indicator of the Business Value I've generated as an Out-Sourced CFO for my clients .... going a step forward, the concept has been covered in a fair degree of detail by the Economic Times too ....

Do visit http://outsourcedcfo.googlepages.com/ET-091019-Compressed-Screen.pdf and scroll to Pg 3 to read the complete article ...

Further, I'm not sure about the CEO but would certainly place all the functional head positions as being amenable to be filled through this route ...

I would like to refer you to an article I wrote a couple of years ago, on the concept of an Out-Sourced CxO as a means of providing Functional Leadership capability to SME's - http://outsourcedcfo.googlepages.com/OCxO-MgtNxt-0802.pdf - which spells out my thought and philosophy of my practice. Please do have a look and comment .....

 
By Out-SourcedCFO , CFO & Financial Technologist  04 20 2010 09:33:17 +0000
 
Top Argument
3
0

Its a current trend, coming up in Indian industries ..... successfully implemented in Western countries .... I do not find any reason to becoming this fruitful ... what do you think?
By Nitin M Aras, Head/VP/GM-Tech. Support, ODTIN Food Solutions Pvt Ltd  04 13 2010 19:09:17 +0000
0
0

The concept may succeed but not in all cases.

PRACTICED PROFESSIONAL ETHICS is a requisite, not so frequent in sightings.
By Ravindra Sharma, Managing Consultant, CHEF-India  | 04 15 2010 07:08:42 +0000
1
0

With the advancement of Information

Technology, anything can happen in the future,

including the philosophy of company management.

With powerful, ERP coupled with SCM, and other

Business Management applications effectively

implemented, the CEOs job also could be managed

by a brilliant computer in future. If it can work elsewhere,

why not here also.

Nevertheless, for steering a company successfully like

a ship in the ocean, perhaps, the human touch in various

ways is essential and hence CEOs jobs are going to stay.  
By P. Abraham Paul, MD FCOMNET  | 04 14 2010 17:28:30 +0000
1
0
isn't temporary employment or fixed terms contracts available for CEO's, at least sounds more human like and respectful
By Satadru Shastri, Partner, Mukherjee & Shastri  | 04 14 2010 07:58:07 +0000
1
0

Thnks Nitin for the refer. Business houses have started treating their CEO's as just another commodity and the trend has been thjere for some time now. After doing all in their career span, one tends to and nowadays prefers to become a commodity, as who would wish to be doing the hunt for a suitable opportunity and follow the rules of the game. To be in service till the time house wants and move ahead thereafter with all respect.

One close look at the corporate world in the last 5-7 years, the trend exists and is catching up fast. Sure, a win-win situation for both. To lend the experience and expertise, taking the house to next level, and get paid handsomely - what more would a person at that age and with such valued experioence need.
By Navjeet Sood, Business Head, ADI Media Pvt Ltd  | 04 14 2010 04:10:39 +0000
1
0

I agree with you Mr. Nitin but with a reservation; in the long run it will definitely prosper as its a win win situation for both the employee & the employer.

But, what I feel it can not thrive in volumes;as to deliver something within stipulated time, with some milestone being attached to it & to always repeat the same as a professional, requires real talents or real experts,,,,,and as our every industry is fighting about is 'talents'; my reservation finds some logic with it.

Thanks for referring.


By ujjval jain, Retail, Retail  | 04 13 2010 19:11:56 +0000
0
0

Renting a CEO concept sounds good but how far its fair to share company's commercial & confidential things with a person who is associated with company on a contract. Sometime later, he may associate with competitor as a Rented CEO.

SO there is a risk of business confidentiality associated with it.
By Seema , Product Development Manager, TBSL  | 04 15 2010 06:48:56 +0000
1
0

I 2nd to Mr. Aras and Mr. Bhave's comment.
By Paresh.Khanchandani , FCD Business Manager, ExxonMobil Company India Private Ltd.  | 04 14 2010 09:07:39 +0000
1
0

NO... I THINK THIS IS LIKE GIVING 'CONSULTANTS'... A NEW NAME ! !

Renting a Car... Renting a CEO, What Next ?

What is wrong with Consultancy ? To me it is like "OLD WINE IN A NEW BOTTLE ". Till now Companies used to have Full Time / Part Time Consultants & now we are giving them a terminology of 'A Rented CEO'.

Well... to each their own, I dont agree. It just dosent' go down well with me.

Happy Debating Friends !
By Naushad H.L., Creative Director, MAD COMMUNICATION  | 04 14 2010 07:42:10 +0000
1
0

Thanks for referring Mr.Nitin and I accept with you. Hiring a CEO concept in Indian industries is not suitable. This will become like a business sourcing.Business sourcing is different from renting a CEO. More precautions are required. 


By NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd  | 04 14 2010 06:49:19 +0000
3
0

The question is application. The answer is YES!

The validity of this concept; The answer is NO!
By Makrand Bhave, Marketing & MICE, WIZCRAFT International  | 04 14 2010 06:12:12 +0000
2
0

I agree with Nitin. Hiring a Ceo is akin to internal auditor for your business accounting, except that ceo will do the same for your business processes/infrastructure. The business processes and business infrastructure in todays,  ever evolving business world..now needs speciality people like never before.

Though new conceptually...will take on...Currently may seem ridiculous..but will catch up eventually like out sourcing..

Thanks Nitin for the referral.
By suchita Ambardekar, Director on Board, Vir Rubber Products Pvt Ltd, Vir auto enterprises Pvt Ltd  | 04 14 2010 05:04:14 +0000
Argue for "YES"
Argue for "NO"
 Found the debate "Rent a CEO ..... Is this concept applicable in Indian industries?"  interesting ?  Suggest to your connections and communities  
Leading HR Outsourcing Company
  • Create a confidential Career Profile and Resume/C.V. online
  • Get advice for planning their career and for marketing of experience and skills
  • Maximize awareness of and access to the best career opportunities
Viewers also viewed
A set of people believe that dreams change and hence buying a dream home just increases the...
 
890 referals 11 arguments, 202 views
TECHNOLOGY SUCCESS vs STARTING OF PROBLEMS
 
1878 referals 15 arguments, 525 views
It is said that India has a wealth of amazing places that is to be seen and appreciated and...
 
501 referals 29 votes, 8723 views
more...  
Recent Knowledge (5)
WE HAD A GOOD NUMBER OF INVENTORS WITH GREATER VISION ABOUT THE SOCIETY. INVENTORS HERE NEED NOT...
 
2 referals 2 arguments, 107 views
C vs B
 
0 referals 3 arguments, 51 views
I am associate of prajapati association and i am working for BJP from year 2005 to till date....
 
0 referals 3 arguments, 120 views
more...  
Sponsored Jobs
More From Author
Its fair, but in Kerala which is only educated state it is not required... strongly feel that its a part of education to take care of mother who cannot go for pregnancy all the time... means if people are educated than no need of imposing rules on...
virtual means always virtual.... you cannot expect emotions... even friends u r making through FB or from other social networking site may not be worthwhile ... so how do you expect from such inventions... let it be the part of Rajnikant movie
just got this humor A retired woman calls 911 on her cellphone to report that her car has been broken into. She is hysterical as she explains her situation to the dispatcher: "They've stolen the stereo, the steering wheel, the brake pedal and...
more...