Cornerstone International Group is a large executive search and consulting firm with over 100 offices worldwide. It offers retained executive search, human resources consulting, and board and management consulting services. Cornerstone India is its partner firm in India, which has offices in Mumbai, Delhi, and Bangalore. It has completed over 400 senior level executive searches in India across various industries. Cornerstone India delivers global executive search and advisory consulting services through its team of experienced professionals using proven methodologies and tools.
We aimed at influencing change and the transformation from traditional HRM to Strategic HRM, through analyzing HR organization & capabilities, while providing valuable insights and solutions on specific HR issues that clients face.
We aimed at influencing change and the transformation from traditional HRM to Strategic HRM, through analyzing HR organization & capabilities, while providing valuable insights and solutions on specific HR issues that clients face.
Content personalisation is becoming more prevalent. A site, it's content and/or it's products, change dynamically according to the specific needs of the user. SEO needs to ensure we do not fall behind of this trend.
Succession “Losers”: What Happens to Executives Passed Over for the CEO Job?
By David F. Larcker, Stephen A. Miles, and Brian Tayan
Stanford Closer Look Series
Overview:
Shareholders pay considerable attention to the choice of executive selected as the new CEO whenever a change in leadership takes place. However, without an inside look at the leading candidates to assume the CEO role, it is difficult for shareholders to tell whether the board has made the correct choice. In this Closer Look, we examine CEO succession events among the largest 100 companies over a ten-year period to determine what happens to the executives who were not selected (i.e., the “succession losers”) and how they perform relative to those who were selected (the “succession winners”).
We ask:
• Are the executives selected for the CEO role really better than those passed over?
• What are the implications for understanding the labor market for executive talent?
• Are differences in performance due to operating conditions or quality of available talent?
• Are boards better at identifying CEO talent than other research generally suggests?
Spectral Consultants is one of the leading professionally managed talent acquisition, talent Search and Human Resource firm established in 2001, based in Delhi (NCR).
We are a leading provider of recruitment, executive search & selections solutions to multiple industries including IT, ITES, BFSI, FMCG, Healthcare, Retail, Infrastructure, Travel & Hospitality across India. Over these years we have attained excellence in Financial Services space – both for ITES and India Market.
karROX Group - A Global IT Training Organization - Subsidiaries and Partnerskarrox
karROX Technologies is a leading global IT training organization, which offers a plethora of services in enterprise, software and application solutions. It also encompasses management and training curriculum for educational institutions
Microsoft, Oracle, IBM, CompTIA and others have been strategic partners helping in providing quality IT education. karROX has also tied up with Indira Gandhi National Open University, Sikkim Manipal University and Middlesex University.
2. CORNERSTONE INTERNATIONAL GROUP
ABOUT US:
Cornerstone International Group (CIG) is one of the world’s largest executive Search & consulting networks, with more
than 100 offices strategically positioned in virtually every primary and secondary business center of the world.
We deliver better results through....
RETAINED EXECUTIVE SEARCH (ranked one of the Top 10 in the World):
Board Search; Executive Search; Professional & Industry Recruiting; Second-Opinion Evaluations; Management and
Board Reference Checking, Talent mapping
HUMAN RESOURCES CONSULTING:
Leadership Assessment; Compensation & Benefits; Employee Communications; Organizational Development &
Training; Succession Planning; Outplacement; Background Investigations, Executive Onboarding, Executive Coaching,
etc.
BOARD & GENERAL MANAGEMENT CONSULTING:
Board Governance; Board Compensation; Board Assessment (individual and/or group assessment); Strategic &
Succession Planning; Turnaround & Interim Management; Mergers & Acquisitions.
3. WHY CORNERSTONE?
The Power of Many…the Focus of One!
Cornerstone has grown worldwide because our clients know we give superior results, and that is the
bottom line: Cornerstone produces the best results!
Leadership by the “Best of the Best”
Our high performing clients demand high performing consultants, so Cornerstone handpicked the very
best from the search industry for their domain knowledge and expertise.
Accountability for Quality Results
Cornerstone offices are strategically positioned in major cities throughout the world who provide personal
service and undivided attention to their client organizations.
Global Reach Combined with Local expertise
Cornerstone uniquely delivers the best of both worlds: the global reach and network resources of an
international consulting organization, combined with the personal attention of a smaller, entrepreneurial
consulting firm.
4. CIG: INDIAN OPERATIONS
ABOUT US:
Cornerstone India is the Partner firm of Cornerstone International Group (CIG) and is a leading player in the
Executive Search Industry. The Indian Operations launched in June 2004, spans three cities: Mumbai, Delhi &
Bangalore.
KEY FACTS:
Emerged as a leading local player for “Global Search” and “Advisory Services”.
Handled 400+ CXO Searches with team strength of 20 professionals
Significant chunk “repeat” business
Exemplary completion record
Strong research and talent mapping capability
Deep understanding of organizational dynamics, structure, functions, roles, competencies
Insights on Leadership transitioning - spotting, attracting, engaging, hiring, integrating, coaching & developing
5. CORNERSTONE INDIA
The five core values that drive the philosophy of Cornerstone:
CORE VALUES
Entrepreneurship
Relationship
Reputation
Integrity
Respect
The values are now a way of life in everything that Cornerstone does & have made us
one of the most distinctive Consulting services company in India
6. CORNERSTONE INDIA
SERVICE OFFERINGS:
Global Search
Clients have relied on Cornerstone India to identify and attract candidates who are genuinely qualified for Senior
Management positions and have helped build the Leadership Teams of some leading corporate entities.
Depending on the size of the organization, we typically undertake Executive Search Assignments up to the first 2 or 3
levels starting with the CEO/MD/Board.
Advisory & Consulting Services
We work with senior leadership teams for ambitious organizations. We have introduced solutions developed by
Cornerstone International Group catering to the Indian Market. These solutions include but are not limited to
Executive Coaching, Leadership on-boarding / mentoring, Executive Assessment.
7. GLOBAL SEARCH
Clients have relied on Cornerstone India to identify and attract candidates who are genuinely qualified for
Senior Management positions.
Due to our experiences and commitment to quality, we have had greater success in completing executive
searches across functions and in virtually all industries and disciplines.
Organizations are seldom led by a single person, no matter how charismatic. The team at the top
determines the environment and the culture. Cornerstone India has helped build the Leadership Teams of
some leading Corporate entities.
We have also helped Global MNCs for their search of Indian talent & Indian MNCs for their search of local
talent on foreign shores using our global network of partners.
8. GLOBAL SEARCH: PROCESS MAP
SEARCH PROCESS
OUTPUT
INPUT
STAGE
Definition Research Recruiting Selection Hire
TOOLS
Job Interview Offer Letter,
Diagnosis & Research Specification,
Planning Format Negotiations,
& Interview
Position Reference Post-Hire
Sourcing Screening
Specification Checks Follow-Up
Candidate Assessments
Presentation
9. SELECT CURRENT/PAST CLIENTS
Heidelberg Cement Gunnebo
MANUFACTURING/ Essel Propack Vedanta Group
INDUSTRIAL Cheminova India Aditya Birla Group
Lafarge Shree Cement
Jubilant Organosys Ltd Omniactive
PHARMA/ Lyca BDR International Ltd Strides Arco Lab
HEALTHCARE Perkin Elmer Pfizer
Roche Diagnostics Beams Hospitals
Fortis Novartis
Escorts Limited Mahindra Navistar
AUTO/ Minda Group Setco Automotive
AUTO ANCILLARY Asia Motor Works Ashok Leyland
ATC Tires General Motors
10. SELECT CURRENT/PAST CLIENTS
VIP Industries L’oreal
CONSUMER/ MEDIA/ Home Solutions Retails Odyssey India
RETAIL Radhakrishna Foodland Jupiter Entertainment
Radio City Samsonite
Aditya Birla Minacs Adventity
L & T Infotech PSI Data Systems
IT/ BPO/ KPO Mindtree Diebold Systems
Texas Instruments Wipro
Axis Aerospace & Technology Pearson
Al-Suwaidi Group KEI Industries
Adani Vedanta
INFRASTRUCTURE/ Mercator Alstom Projects
POWER/EPC Heurtey Petrochem Pratibha Industries
L&T Hinduja Power
CESC Ltd Azure Power
12. ADVISORY & CONSULTING SERVICES
Focus: We work with senior leadership teams from ambitious organizations.
Assessment
On-
Coaching
Boarding
Our Value –add:
International best-in-class practices & global experience
Proven & time-tested methodologies & tools
Qualified consultants with high personal credibility & proven track record
13. ON-BOARDING
• Accelerated time-to-contribute
• Reduced attrition & failure rate
• Eliminate “drop-out”
Align Acquire Accommodate Assimilate Accelerate
Total On-Boarding Program ™ Day One
Services:
• Outsourced On-boarding
• Coaching for Career Transitions
• Process Review / Design & Implementation
14. EXECUTIVE COACHING
Areas Services Expertise
• New Leader Transition • One-on-one coaching • Industry Experience
• Performance • Coaching Program Design • Premium Certifications
• Managing across cultures • Developing coaching • Global pool of coaches
skills
Typical Executive Coaching Engagement Profile: Program duration - 6 months
(8 - 12 one-on-one sessions):
•Inducting a new generation of family stakeholders into the board of a professional company
•Leadership role for technocrat CEO – meeting expectations from a new set of global investors
•Divisional manager in India seeking global role – managing across cultures
•Remedial coaching – communication / presentation & impact for owner CEO designate
•Style change – business head with line responsibility – moving to staff / expert based role – managing high
performance matrix based teams through impact & influence.
16. MANAGEMENT TEAM
- “Rigorously selecting the "Best of the Best" in each country/city”
VIJAY KARKARE
MANAGING DIRECTOR
Vijay is the Founder Managing Director of Cornerstone India and Board Member – CIG. Vijay has served as a consultant to Boards
and Senior Management of MNC’s, Indian Business Houses and Start-up Ventures in virtually every industry. After working as
Director/Partner for 12 years in leading local & global consulting and search firms he opted to set up his own operations. His
consulting work includes Strategy & Organization Structure, Executive evaluations and Senior management & Board level
searches. Earlier Vijay worked for 12 years with GSK & Alkem, heading Manufacturing, Projects and Corporate Planning.
Vijay is an M.Pharm from UDCT, Mumbai and holds an MBA from the reputed JBIMS, Mumbai. Vijay was a guest faculty with TISS
and several other Management institutes in India.
CHAITANYA KHURANA
VICE PRESIDENT
Chaitanya, brings in more than 16 years of extensive Executive Search experience, having worked for in India & abroad for
such reputed search firms like RMA International, Robertson Smart, Omam Consultants. In his last assignment with a US
based search firm, he was the Engineering Practice Vertical Head.
He has worked across various sectors, core among them being; Automotive, Auto Ancillary, Electrical,, Chemicals, Polymers,
Oil & Gas, EPC. He has successfully built Leadership Teams for many of his clients & has a reputation of doing extensive senior
level mandates.
Chaitanya is an MBA majored in Human Resources.
17. MANAGEMENT TEAM
- “Rigorously selecting the "Best of the Best" in each country/city”
HIRAK ADHIKARI
GENERAL MANAGER
Hirak, brings over ten years of experience of which initial five years has been in media industry in Client Servicing / Relationship
Management roles. The later six years she has been a part of exclusive Executive Search experience. Her last assignment was with a US
based search firm, where she was handling couple of accounts in the manufacturing, engineering and consumer space.
Hirak’s expertise is in handling complex search mandates require deep research and lateral thinking and managing difficult to get
candidates
Hirak is a qualified MBA in Marketing and HR.
AMITABHA SINHA
PRACTICE LEADER – CONSULTING AND ADVISORY SERVICES
An alumnus of IIM (Ahmadabad) & IIT (Kanpur) , Mr. Sinha brings in over 29 years of post qualification industry experience as a
management consultant, business executive and executive coach & mentor. His expertise areas include business transformation &
technology led change management, process re-engineering, strategic HR and innovations through IT. He has worked with leading US,
European and Indian majors in a variety of sectors including family managed & government owned enterprises.
He headed the global management consulting business for billion dollar plus IT majors (HCL Technologies & Keane Inc.) & ran a
successful UK based advisory firm addressing European clients on globalization & entry into emerging markets. He began his career
with Asian Paints – an industry leader widely recognized for excellence in management – where he headed HR and Systems
development at the corporate level.
18. CORNERSTONE INDIA
CONTACT US:
MUMBAI BANGALORE DELHI
Cornerstone Bombay Cornerstone Bangalore Cornerstone New Delhi
313 Gokul Arcade, A Wing Building No. 84, Unit No. 810, 8th 2nd Flr, Plot No. 9, Local Shopping
Subhash Road Floor, Barton Center, M. G Road, Complex,
Vile Parle-East Bangalore 560001, India Block H & J,
Mumbai 400 057, India Tel: 91-80-4123-3607 Sarita Vihar,
Tel: 91-22-2820-4240 New Delhi - 110 076
Fax: 91-22-2820-4241 Board Line: +91-11-49494700
www.cornerstone.co.in
www.cornerstone-group.com
- “The Best Service, The Best Value, The Best Results!”