The most effective search strategy is networking … because anytime there is change, there is opportunity. Being one of the first to learn about upcoming changes from your circle of influence, positions you to act early and swiftly.
When Boards make leadership changes, that can often also include changes in those around the leaders. Look at what’s happening at GM, for example:
[CFO] Young’s departure is one of several possible changes amount senior executives, and the board is reviewing other positions, the source said. (Detroit News)
In a true private sector situation, those changes aren’t usually announced until after the fact. Passive candidates who already have solid recruiter relationships, a compelling value proposition, and strong visible presence will be the first to be tapped for those opportunities.
Networking = early, swift, effective. If you snooze, you just might lose!