----The New Road to the Top
The article “The New Road to the Top” written by Peter Cappelli and Monika Hamori and published on Business Review Notice of Use Restrictions, May 2009. In this paper, the author talked about the changes about the Fortune 100, Fortune 100 Executives, and the Experiences of Fortune 100 Executives. By analyzing these data, they figured out the “What Are Career Implications”, especially in Inside Strategies and Women in the Executive Suite. In addition, the essay did some Predictions for 2021.
The main conclusion of the essay is that MBAs will be even more prominent in executive suites in the next generation. And the amount of job-hopping that young managers have already done suggests that by the time they enter the executive suite, they will have worked in many more organizations than their predecessors. The organizational tenures of top corporate executives will certainly decline.
Although the evidence is not fair enough, I do agree with most of the predictions.
The article mainly focus on the angle that the route to the executive suite and the attributes of the individuals who get there have changed over the past 20 years, even in the largest and most stable companies.
First, the authors did some research on Fortune 100 between 1980 and 2001. In the first part, it describe the changes in the size, age, and management structure of the companies, as well as the list's industry concentration, contributed to the evolution of executive careers. It shows that only 26% of the companies on it in 1980 were still there in 2001. The decline of manufacturing on the list and the rise of financial services are especially striking. The Fortune 100 companies in 2001 were significantly older, on average, than the firms on the list in 1980. Their sales revenues were also much higher-the companies' combined sales rose fourfold in a period when U.S. prices rose 115%. In the second part, the...