The recent IPL auctions have provided some useful learnings for business managers. Those who have demonstrated solid performance, like M.S. Dhoni, have been retained. Those with great history and fanfare who have yet not delivered in recent times, like Ganguly, have been dropped. Those big brand names with no proven success in the specific format, like Lara and Gayle, have not been picked up.
Those with proven performance and future potential have been rewarded, like Angelo Mathews, who fetched close to a million dollars; impressive! Now imagine, like in the IPL, every three years, your Board of Directors (purely based on proven performance) is forced to retain only four and put the rest of the senior managers (including the CEO) up for ‘auction‘? What a game will that be?!