grow your own timber

of course this is not timber, but it's nice. it's wild species. whey do we need to grow our own timber? any company would like to see the top executive positions being filled from within.

GE has done it well. Citibank is another. Most multinationals are doing it. why? because internal talent understand the company better. they are there so some odd years, holding various positions, definitely they understand the organization culture better. promotion from internal may also boost staff morale. therefore they don't need a long time to study and adapt to the familiar environment.

is it the best? may be, may be not. one size doesn't fit all. it depends on the organizational objective and strategy. some companies prefer mixture or blend of top executives from internal and external. it's good to have some new ideas from outside. afterall, the main objective is to survive, make profit