Scenario (fictional): The Pilston family has been in the cookware or camping business (your choice) for over 60 years. They have always had a family member as president of the (your company name of choice). As the current president steps down, the founders’ remaining family members are not inclined or are unable to take over the business and have called you in as their consultant to perform the executive search. They know this will be a challenge based on several changes that may need to take place in the very near future in order to successfully continue their business.
The industry is beginning to change. The competition is beginning to change over to using Blockchain ledger technology that shares data within a network in sequential order with a timestamp — like a database, but encrypted. They also have been increasingly automating their production line. Now with the increasing competition, they realize that without changing to these technologies, the business may not survive. This will mean laying off some personnel, and this will be the first time in its history that this company has had to contend with major layoffs; in the past layoffs were not necessary since growth outpaced the need to lay off workers. With no family member currently to lead the company, the company must do an intensive search for an individual suited not only to their industry with the right expertise and education, but the right personality to lead the company into a new era.
This company has a culture that has remained the same from its inception with a reputation for reliability within the industry. Most employees pass their jobs on to someone else residing in the local community by referring them for the job; so all employees really feel like one extended family. They expect little change now. Although their market has been predominantly in the United States (U.S.), with little or no diversity in the workforce, they are increasingly getting inquiries from Asian countries since competitors’ prices have increased substantially. Currently there are 300 employees in this small Western U.S. city though the salaries and benefits have always been on par with the industry salaries elsewhere in the country. Their belief in the customer first, taking the time to get things done in a precise manner, and honesty have been hallmarks of this family business.
In light of the possible future demands and needs of this company, and as this company’s hired consultant to do the executive search, address the checklist items.
● Submit your 8–10 slide PowerPoint® presentation with no more than five bulleted items per slide, in 24-point font, with either audio (or speaker notes below each slide) with additional title and reference slides to the Dropbox. The title of your presentation will be: Finding a New Leader for (your choice) Company.