This article in the Wall Street Journal caught my eye: “Warren Buffett Further Reveals Succession Plan at Berkshire Hathaway” written by Nicole Friedman. The article discusses the two candidates identified by Warren Buffet as potential candidates to take over the top job at Berkshire Hathaway when he eventually retires. This article immediately made me think of Jack Welch’s First Rule that he describes in Winning. Welch describes the process of continuously evaluating your team members to identify development areas and areas where the team members are performing well. While Welch got a lot of flak for this principle of differentiation it is only through this process of differentiation that you could get to the point where someone like Warren Buffet can identify one or two people to take over.
Category Archives: Select
So many actors, so few Oscars (The importance of succession planning)
- Thursday, 11 January 2018 22:52
- Written by Coen Welsh
- 0 Comments
The Holland Code (RIASEC) Theory of Career Choice
- Tuesday, 10 October 2017 16:40
- Written by Coen Welsh
- 0 Comments
Choose a job you love, and you will never have to work a day in your life. – Confucius
Choosing a job or a career is never easy. You can strengthen your career well-being with a career or course that fits your personality. Choosing a career or education program that fits your Holland personality is a vital step toward career well-being and success–job satisfaction, good grades, and graduating on time. You want to say, “Yes!” to the question, “Do you like what you do each day?” Your career well-being depends on it.
Cognitive Processes Profile (CPP) – Sample Report
- Friday, 06 January 2017 10:12
- Written by Coen Welsh
- 0 Comments
The CPP is an advanced computerised assessment technique which externalises and tracks thinking processes to indicate a person’s cognitive preferences and capabilities. Based on this information, a suitable work environment, the learning potential and developmental needs of the person can be identified.
The CPP assessment involves an unfamiliar task which requires the person to decipher messages written in symbols. While completing the assessment, a person explores, links, structures, transforms, remembers, learns, clarifies information and monitors his/her own problem-solving actions.
Psychometric Tests – Do they matter?
- Friday, 06 January 2017 09:44
- Written by Coen Welsh
- 0 Comments
Psychometric Tests – Do they matter?
The objectives of psychometric tests are the measurement of skills and knowledge, abilities, attitudes, personality traits, and educational achievement. It seems everybody has something to say about psychometric tests, and in particular, IQ tests. This has lead many people asking questions like, “Do they work?” “Are they accurate?” and basically, “Do they even matter?”
We found this excellent TED talk where Nathan Kuncel, professor of industrial-organizational psychology at the university of Minnesota, talks about standardized IQ tests and that there is quite a lot we can learn from them.
Psychometric Assessment for Self-Development
- Friday, 06 January 2017 08:05
- Written by Coen Welsh
- 0 Comments
This series of articles explores at the value of psychometric assessments in the workplace, this article focuses on the application of psychometric tests in self-development. Self-development is one of those core aspects that individual effectiveness rely on. Its one of the pillars of this organisation. We believe that only through the act of self-development will anyone be able to realise their own potential and build their capacity to be effective.
Continuing in unpacking the potential of using psychometric tests in all phases of the employee life-cycle and talent management, we use several tools to achieve this aim.
Omeya Sundowners
