socialmedian: Exit Strategy

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Exit Strategy

Source: The Economist

Aug 04, 2009

Summary

If you haven’t already read this post by Dennis Romero and his departure from Entrepreneur Magazine, you should. And you should send it to every colleague you know. And pray this never happens to you or your company.

At some point in our careers, we’ll hire a very competent employee who isn’t a good culture fit. Whether it’s the company’s fault because they didn’t see it during the interview process OR the employee’s fault because they tried too hard to fit into a culture that just wasn’t right for them is immaterial. It just happens to the best of us.

What’s important becomes how to handle the situation. I’ve seen a lot of companies get themselves into hot water because they feel compelled to ‘document’ the situation and lamely ‘performance manage’ a person out of the organization. It’s so unfair. To the employee and to the company. Nothing ticks employees off more than being told their work stinks . . . especially if it doesn’t. And, the perception to the rest of the office is the employee is being railroaded.

Companies need to get comfortable with hav

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