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Leadership Succession: How To Avoid A Crisis
內容大綱
The need to develop leadership succession plans is of key importance, yet most companies lack them. This article offers reasons for this failing, including CEOs’ resistance to facing their own mortality, and board members being too concerned about job security to broach the topic. It also examines company outsiders versus insiders in leadership succession and shares lessons from top-performing companies. Finally, it offers five key steps for firms to follow in avoiding a crisis in leadership succession, including giving prospective leaders the opportunity to meet with the board of directors, encouraging differences of opinion, and ensuring that the CEO recognizes the importance of leadership succession.