The combination of 3G Capital’s ongoing acquisitions, margin pressure from discounters like Aldi and Lidl and the expectations of activist investors has thrown consumer packaged goods companies in the food space squarely on the defensive. Most have reacted by going into cost-cutting mode, slashing entire layers of marketing and R&D talent from their organizations.
Big businesses are often slow to adapt and innovate, while start-ups struggle to build teams and systems to scale up their businesses. How can firms break this mould? By learning from one another, writes Egon Zehnder’s Catherine Zhu in the Career Doctors section of the South China Morning Post.
Japan Inc. may be shortchanging some key executives. Outside board members in Japan seem to be underpaid, considering that they are now expected to play a central role in the reform of the country's corporate governance.
How can a company be reinvented successfully? Kati Schütte, Global CEO Practice Leader at Egon Zehnder, looks at this question in a case study appearing in the latest Harvard Business manager, the German edition of the Harvard Business Review.
Quite often, board succession planning consists of a member announcing to the board that he or she plans to retire next year, and the board then gearing up to find a replacement (who typically differs from the retiring director only in being a few years younger).