Bull or Bear? | April 2018

Are you a bull or bear?

BULL OR BEAR?

“A move should be a move up.”

A job change, whether internal or external, doesn’t necessarily mean a promotion, despite the perception that careers generally follow an upward trajectory. In reality, many changes are lateral moves, even among successful executives.

In my experience, while step-downs generally detract from a resume, a lateral move is by no means a career killer. It may in fact prove beneficial in the long run if done wisely.

For example. a current executive coaching client, I’ll call John, recently made a lateral move, from a managerial position at one wholesale distribution company to a similar role at another. This new position offers John the potential for entry into the executive ranks. His new boss is the head of corporate development and business strategy.  He is now tied to the most critical opportunities and has become visible to top management. John is clearly in line for an executive post.

Lateral moves often enhance an employee’s visibility and reputation when the new company conveys brand value. John’s new company has networks in many fast-growing markets, providing John with a valuable set of new contacts and a bevy of learning opportunities.

OPINION: BEAR
Fast upward leaps may not secure long-term success. Given the rapid state of change and innovation throughout industries and functions, a more balanced ascent that includes a mixture of lateral and upward movement will pay off.  A strong ‘generalist’ view of the business, including knowledge of finance, sales, operations, and marketing, and how to communicate with and manage people, is increasingly becoming the determining factor in making it to the top executive ranks.

Are you bullish or bearish?
Give us your verdict and see how your peers compare.
See results instantly after you vote.

VOTE NOW


Share this article:

Recent Posts

The CFO Alliance Releases Whitepaper: ‘The CFO’s First 90 Days: What Finance Professionals Need to Know and Do When Beginning a New Role’

WAYNE, Pa., October 7, 2019 (Newswire.com) –​As the role of the Chief Financial Officer (CFO) continues to evolve, providing finance leaders with enhanced visibility and opportunity to more directly lead and impact employee and customer experiences, the first 90 days in a new CFO role are critical for building relationships and establishing credibility that will lay […]

Read More
The CFO Alliance Releases 6th Annual 2019 Executive Compensation and Culture Study

Mid-Market Enterprise Leaders Are Preparing for Potential Slow-Downs and Believe Resilience Depends Heavily Upon the Strength and Performance of Their Culture WAYNE, Pa., September 9, 2019 (Newswire.com) – The CFO Alliance, a leading peer advisory network for more than 8,000 CFOs and qualified finance executives from middle market and emerging enterprises, released its annual 2019 Executive […]

Read More
The CFO Alliance Releases 2019 Mid-Year Update to CFO Sentiment Study

No Signs of Slow Down Yet, As The Middle Market Continues Their Press to Add Top Talent and Additional Customers for the Balance of 2019 WAYNE, Pa., August 1, 2019 (Newswire.com) – ​The CFO Alliance, a leading peer advisory network with more than 8,000 CFOs and qualified finance executives from middle market and emerging enterprises from […]

Read More