Stepping up a level

Due diligence on a company before you say yes

The failure mode of a senior appointment is rarely that the executive could not do the job. It is that the job was not what it appeared to be, and that was knowable beforehand.

The four questions that predict trouble

Why is this seat open?

Ask directly, and ask again of someone who is not selling you the role. A seat that has turned over twice tells you something the job description will not.

Who actually decides?

Find out where authority genuinely sits, which is not always the org chart. Many senior roles fail on this alone.

What has been tried already?

If they want you to fix something, someone has attempted it. Knowing what happened tells you whether the obstacle is the problem or the organisation.

What does success look like in a year?

If three people give three different answers, you would be walking into an unresolved argument with your name on it.

Who to ask

  • People who left. The most honest source available, and usually willing to talk to someone about to take the seat.
  • People one level below the role. They know how decisions really get made and are rarely asked.
  • Someone in the same sector who is not connected to the company. An outside view of its reputation is quickly obtained and frequently decisive.
  • Your own network inside, if you have it. This is one of the concrete benefits of having chosen the company before it chose you.

The people best placed to tell you the truth about a company are the ones who no longer work there.

The financial and structural checks

Understand who owns it and what they want. A founder-run business, a listed company and one owned by an investor with a five-year horizon are three different jobs with the same title. Ask what has to happen for the owners to be satisfied, and when — the answer defines your actual mandate more than any conversation about the role does.

How to do it without looking difficult

Frame every question as being about doing the job well, because it is. “What would I need to fix first?” and “what has already been tried?” read as seriousness, not suspicion. Any company that treats rigorous questions as a bad sign has answered a different question for you.

The honest limit

You will not learn everything, and some things only become visible from inside. The aim is to eliminate the failures that were knowable — which, in senior appointments that end badly, is most of them.

Keep reading

Related

See it against your own companies

A short call, your target list, and an honest answer about whether this fits how you are running your search.