Reported 9 months ago
Developing future successors within organizations to establish a 'bench depth' has become a major challenge. According to a study by DDI, a global talent leadership consulting firm, the success rate of Taiwanese companies appointing external managers is only 33%. However, New Champion Technology in Hsinchu has been successful with their approach led by Chairman Tsai You-kang and CEO Huang Fang-zhi, using case-based teaching to build a succession pipeline. Their revenue nearly doubled in five years to nearly 79 billion NTD last year, with a projected breakthrough of over 10 billion NTD this year. By recognizing and nurturing high-potential talents early on, organizations like New Champion can navigate challenges, such as expanding into new markets and resolving management bottlenecks.
Source: YAHOO