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January 2009 Features
CXOs Capitalize On Three Trends for 2009
Managing Director, David Sobocinski looks at opportunities that business leaders are taking advantage of in 2009. Go to article »
Moving Upward in a Downturn (from the Harvard Business Review)
During industry downturns, smart
executives don’t panic. Instead, they
coolly place counterintuitive bets to
outperform slumping competitors. Go to article »
Our Web Site Is Now As Dynamic As Our Team!
CarterBaldwin is pleased to unveil our new Web site. Designed to enhance the user experience, you can now access more useful information than ever before. Interactive visuals mirror our company’s versatility and agility, and highlight our expanding geographic operations built to strengthen client services and capabilities. Visit us today at www.carterbaldwin.com.
CXOs Capitalize On Three Trends for 2009
In my role as managing partner of one the country’s top 50 retained executive search firms, I’m fortunate to be in a unique position to observe what talented executives are looking forward to in 2009. They aren’t whining about the “worst economy since the great depression” or “another recession cycle” – that’s the post-election media with nothing better to do, and frankly, commiseration is a failing man’s game. Winning executives are rolling up their sleeves and driving their strategies forward for the New Year. In fact, I could summarize their collective thoughts with “chaos breeds opportunity.”
Here are some of the best opportunities I see business leaders taking advantage of right now:
- Ensuring that the right folks are on the bus. Tough economies are the best times to check your peoples’ hearts and really see what they can do under fire. Also, it’s a buyer’s market. With unemployment rates at near record highs, and “golden handcuffs” now made of plastic, now is the time to shop for the perfect executives to fit your team. Regardless of the economy, there is a war for talent and during a change economy like ours, there’s a best way to compete for and acquire that talent.
- Readying for the rebound. According to most recent CFO/Duke University Global Business Outlook Survey, 60% of CFOs feel the economic recovery will begin in 4th Quarter 2009 or later. That means strategic CXOs are planning the next six–nine months to their advantage. Almost everything is on sale—and that goes for commercial property, leases, and technology.
- Strengthening their board. Great boards help a CEO innovate great strategies; it’s a collective of been-there-and-done-that experience that is crucial to winning in a down economy. CarterBaldwin’s board recruitment work has noticed a decided uptick recently, and it’s no surprise. Today’s boards of directors are a far cry from the largely ceremonial boards of the past. Proactive board members are priceless, and now’s the time to find seasoned executives with more interest than ever in raising their profile through board responsibilities.
Our new white paper, Building a Better Board, details how to structure a strong board/CEO relationship and how to recruit top performing board members. You won’t find a better time to look around for the talent your organization deserves.
As always, whether you’re recruiting for a board position, quietly putting out feelers for a new role for yourself, or ready to pull the trigger on getting new talent on your executive team, we’re here to help.
As we embark on a year rich in talent opportunities, I invite you reach out to me, or to any of the partnership team at CarterBaldwin. Here’s to seizing all that 2009 has to offer!
David M. Sobocinski
Managing Partner
dave.sobocinski@carterbaldwin.com
Moving Upward in a Downturn
By Darrell K. Rigby: Harvard Business Review
Drawing on extensive research of Fortune 500 companies that have lived through industry downturns and economic recessions over the past two decades, Darrell Rigby, a director of Bain & Company, reveals how companies need to go against the grain of convention and exploit industry downturns to harness their unique opportunities for upward mobility. The author explains that every downturn goes through three phases. He examines each phase and shows how successful players navigate the huge waves of a downturn. Smart executives, he says, don't panic: they look bad news in the eye and institutionalize an approach to detecting storms. Rather than hedge their bets through diversification, they focus on their core businesses and spend to gain market share. They manage costs relentlessly during good times and bad. They keep a long-term view and strive to maintain the loyalty of employees, suppliers, and customers. And coming out of the downturn, they maintain momentum in their businesses to stay ahead of the competition they've already surpassed. Every industry will face periodic downturns of varying severity, says Rigby. But executives with the vision and ingenuity to take unconventional approaches can buoy their companies to new heights. Read Full Article » |
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Building A Better Board
New White Paper explores how the role of today’s board member has changed
Free Download »
Recent Placements
CarterBaldwin Executive Search continues to connect top executive talent with exciting opportunities. Recent placements include:
Keith Ferguson joins Sciele Pharma as their new Vice President of Sales
Gil Fridman is named Chief Financial Officer for Discrete Wireless
Creative Converting hires Matthew Millies as their new Vice President of Marketing
AMECO welcomes Patrick Moore as their new Chief Financial Officer
James Swartz joins InterContinental Hotels Group as their new Vice President of Risk Management
iHealth Technologies names Curtis Cain as their new Chief Financial Officer
Harmonic, Inc. is pleased to welcome Mark Mitscher as their new Regional Sales Manager
Vincent Lo Cicero has accepted a strategic Business Development role in the AMEA region with AMECO
Savannah College of Art & Design is pleased to name Joseph Seipel as their new Assistant Vice President of Academic Affairs
Announcements
CarterBaldwin Partner Price Harding has been named the new President of the Technology Executives Roundtable (TER).
Maggie Bellville, a Partner with CarterBaldwin, was recently part of a group of Georgia leaders to visit Israel on the American-Israel Chamber of Commerce Business Mission
About CarterBaldwin
One of Inc. 500’s fastest Growing Private Companies in 2005 and 2006, CarterBaldwin is a premier executive search firm focused on identifying top industry leaders, including CEOs, Board Members, Vice Presidents and Directors, for dynamic companies.
Check out our interactive brochure to learn more
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678-448-0000
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