this is the article published in hbr
topic name:How to Manage Your Career in a Changing Business Landscape
Every aspiring executive knows that the rules of career advancement have changed: Lifetime careers inside a single company have become virtually extinct. Career ladders can crumble instantly after an acquisition or restructuring.
So how do you map out your career track amid these seismic shifts in the business landscape? First understand current trends in executive career paths. Then determine these trends? ramifications for your own professional development. For instance, recent studies show that different types of firms offer different prospects for advancement. Large, long-established corporations, such as General Electric and Procter & Gamble, still provide extensive training and development along with job stability?so consider starting and ending your career in that type of firm. Young, growing firms offer faster advancement but less stability?so decide whether the promotional opportunities outweigh the risks.
By analyzing such developments, you make smarter choices about which industry, company type, and functional area will most likely propel you to the top. You also know when to sit tight and wait for a promotion?and when to move on to a more promising organization. Your reward? A lifetime of satisfying, stimulating work.