The Chairman of Tata Group, Cyrus Mistry, has set up a brain trust of young leaders in the organisation to provide strategic direction for the group on a range of subjects from managing Return on Investment to defining a “Tata way of working”. The idea is for this group of 40 year old leaders to provide long term direction for the group following the retirement of Ratan Tata late in 2012. This approach to team building a new senior management cadre will help the group manage the succession from the “old guard” to a GeNext leadership. It also allows Mistry and the existing senior team to mentor and advise while passing on the reins of control.
This looks to me to be a very good way of managing culture and ensuring the succession from a group of successful senior managers to a group of new leaders developed in-house. It will be interesting to watch how this develops over the next few years.
An article in the Economic Times can be found here.