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

AchieveNEXT Enters National Strategic Relationship With Acrisure

WAYNE, Pa., January 21, 2020 (Newswire.com) – AchieveNEXT®, a leading provider of Peer Advisory Networks and specialized Career, Coaching, Training & Development Services, today announced a strategic relationship between AchieveNEXT’s CFO Alliance Peer Advisory Network and Acrisure, a top 10 global insurance broker and the fastest growing insurance broker in industry history. “Given the increasing frequency and […]

Read More
In the Face of Modest Risk of Recession and Rising Tensions in the Middle East, AchieveNEXT’s Study Finds U.S. Finance and HR Leaders Are Watchful, but Not Waiting, in 2020.

WAYNE, Pa., January 15, 2020 (Newswire.com) – AchieveNEXT, a leading provider of Peer Advisory Networks and specialized Career, Coaching, Training & Development Services, releases their 10th Annual CFO Sentiment Study and its first including CHRO Sentiment, to provide insights into the strategic planning, outlook, and financial objectives for 2020 for the enterprises that these Finance and HR […]

Read More
AchieveNext Buys Diversity and Inclusion Business Strategy Firm in Latest Deal

January 7, 2020 (bizjournals.com)- AchieveNext, a Wayne-based career and corporate services firm, has acquired its third company in the past four years. Financial terms were not disclosed for the latest deal involving Trellis Consulting, a business strategy firm focused on diversity and inclusion (D&I). Dresher-based Trellis is led by CEO Robyn Pollack, who founded the company […]

Read More