Axis Bank: The Succession Planning Fiasco
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This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
The decision was opposed by Nayak as he
reportedly wanted an insider to succeed him. According to Nayak,
Sharma did not have the relevant banking experience to take up
the position and in any case he felt that people who had been
involved in building up the bank should be asked to lead it. The
board, however, contended that the insiders who were front
runners for the position were experts in their fields but lacked
an overall vertical experience.
» Understand the significance of succession planning and
leadership development in large organizations.
Succession, Succession planning, Leadership, Leadership development, Grooming, Recruitment, Selection, Shareholder management, Corporate culture, Empowering, ethics, Banking, Axis Bank, ICICI Bank
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