This is not 'terrible', it's the way that highly successful organizations survive in a tremendously competitive global environment.
This article gives some insight into what it can be like for someone on an upwards career path, including regular moves internationally, with no 'career manager' apart from yourself and no guarantee that they'll 'make it' either:
The CEO Succession Difference
How is top-level succession unique? To answer that question, take the case of Dennis (names in examples throughout this article have been changed). Dennis was on the fast track from the start. An Ivy League graduate, he spent three years in an industry leader’s sales-training program, got his MBA at a top school, and completed a finance-training program in another industry-leading company. After 18 months, he moved to the marketing department there, then to a branch manager job for a few years. Next, he jumped to a competitor to become a country manager (“I had to get my international ticket punched”); sales records were set in his market. Five years later, he was named senior vice president for emerging markets.
Not long after that, Dennis left to become the designated CEO successor at a company in a different industry, where he was unfamiliar with the products and technology. “I wasn’t looking,” he said, “but I knew I could run something bigger. I was ready. I was 44 years old, and [the COO and CEO of the company I had left] were in their mid fifties…and there were some talented people between me and them. Leaving there was the way to be a CEO faster.” In business school, he had set a goal to become a CEO by age 50. “As I got closer to the top, I became more confident that I’d reach that goal. I had been in four successful companies where I’d seen CEOs up close. I’m not saying that I’m better than they were, but I knew I could do their job.”
The succession plan approved by the board was for Dennis to enter as COO, with marketing, sales, manufacturing, engineering, and service reporting to him while the senior staff people (the head of HR, the CFO, and the general counsel) plus R&D stayed under Harvey, the chairman and CEO. The role of president remained unfilled. If things went well over the first 18 months, Dennis would take on that title. In another year, he would become CEO, and six months after that, Harvey would retire.
Reprint: R0501D Most designated CEO successors are talented, hardworking, and smart enough to go all the way—yet fail to land the top job. What they don’t realize is, the qualities that helped them in their climb to the number two position aren’t enough to boost them to number one. In addition...
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