One of the ways of promoting a company’s popularity as well as productivity is by outsourcing for productive personnel. Viacom, Inc. (NASDAQ:VIAB) is one of such companies which have sought new leadership to run the organization. Adopting a special manager from a successful company after his retirement is one of the best strategy to get a firm going. Many companies such as the Kenya Airways have utilized such an idea by seeking the services of former Safaricom Telecommunications. The main aim behind this is ensuring that different management strategies are applied in the company. There are a number of benefits which can be accrued from hiring the services of a former chief executive officer of a successful company.
Proper Leadership Management for Business Sustainability
In the event that the former FOX film chief to run Paramount Pictures, there are high chances that he/she will be allowed to make necessary changes as far as the current management styles are concerned. This will give Viacom an upper hand in the long run. This change will ensure that proper management styles leads to long term productivity as well as sustainability. Over the years, Fox has recorded huge profits after taxation and prior taxation. This was attributed to proper leadership and organizational culture. It should be noted however that overall success of a company may not be achieved if there are other constrains jeopardizing the operations of such a company.
Effect of Proper Leadership on Firm’s Stock Market
The move to adopt former Fox film chief as a leader in Paramount Pictures is a smart move which may be the first step of getting Paramount Pictures going. Paramount Pictures and fox are listed on the NASDAQ stocks and from the records, it is clear that Paramount Pictures had performed well in its stock market when it was under the leadership of its former chief. This therefore called for the need of introducing tested leaders into FOX hence accruing the successes such as those enjoyed by Paramount Pictures during his tenure.
Dwelling on the idea that an organization’s business success is contributed by proper leadership, it can be concluded that with the introduction of former Fox chief into Paramount pictures will be the basis of placing the company at the top of the list. Paramount Pictures has recorded no major financial setbacks since its inception but with the introduction of new leadership, there are high chances of continued success.