Mentoring for Success™

A mentoring program would enable an experienced executive to provide guidance, wisdom, knowledge, and support in a manner in which a new manager could receive and benefit from it.

The pace of business in the Canadian Pharmaceutical Industry is increasing at a tremendous pace.   New managers are left to “learn on the job” and are expected to deliver results with less support; they often feel unsure of their decisions. This is partly the reason why the median term for a Product Manager is 2 years, and why so many seek employment in other positions or companies.

Yet research shows that a Mentoring Program can have a positive effect on company performance.  In fact 77% of US companies with formal mentoring programs indicated that they experienced improvements in both employee retention and performance. Thus it is not surprising that 71% of Fortune 500 companies use mentoring in their organizations, and that 96% of executives indicated that mentoring is an important developmental tool.1

“When the baby-boomer generation retires, many companies will find out too late that a career’s worth of experience has walked out the door, leaving insufficient talent to fill the void.”2  This quotation underscores the importance of ensuring the transfer of corporate knowledge to the next generation of corporate executives.

A mentoring program should be designed to achieve these three goals:

• To provide the opportunity to develop a mentoring relationship that will further invigorate and inspire personal and professional success.
  
  
• To provide executives the opportunity to gain broader perspectives about the corporation, its values, norms, expectations, and behaviours, and how gaining these perspectives can enhance their ability to make better decisions.
  
  
• To identify and provide qualified candidates for promotional, growth, and development opportunities.

Pangaea can assist through the entire process from designing the program based on your company’s needs, from 1-1 mentoring to enterprise wide programs, developing the materials specific to your company processes, and delivering the program through initial program introduction and facilitation, ongoing coaching and on-line support. 

To learn more about mentoring and to experience how mentoring can make a difference Click Here!

 1. Business finance
2. The Economist, Feb 2006, page 65