The aspiration of Indian companies to reach global heights, especially in technology and consumer space, is mounting pressure on the honchos.
This has led to their quick exits from their posts - within 6 months to 3 years. In last 2-3 years, the average time chief executive officers and managing directors spend with organisations, in sectors like IT, BPO, retail and media, has come down to 1-3 years.
R Suresh, MD, Stanton Chase India, a leading headhunting firm, says: "The evaluation of CEOs' performance is getting stringent as well as rigorous today, especially against the backdrop of Indian companies' foray into all major global markets.
"Also, the performance is critisised from stakeholders like analysts, stock markets, board of directors, etc."
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There is mounting pressure on top executives.
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