succession planning – The CEO Magazine

Cross-Generational Conversations that Will Get the CEO to the Next Success Level

Phyllis Weiss Haserot, President, Practice Development Counsel Whether you are the CEO of a long-established company, or the founder of a public, privately-owned or non-profit organization, as highly respected coach Marshall Goldsmith wrote, “What got you here won’t get you there.” In other words, the skills and traits that led to success in early career are […]

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Succession Planning for CEOs

Leadership, Management

J. Benjamin English, Partner, Hirschler Fleischer Regardless of their industry, chief executive officers inevitably confront the need to transition ownership and management of their business to others. Whatever form this transition takes — to the next generation in a family business, to a management team buying out the owner or to a third-party buyer — it

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The Hidden Cost of Recruiting, and Forgotten Alternative

Management

Michael Timms, Founder & Principal, Avail Leadership When it comes to finding talented managers and executives, there really are only two options: recruit them or develop them from within. Common thinking is that although it may be a little more expensive to recruit them, it’s worth it because it’s quicker and easier. But that assumption is

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Why a CEO’s Duty Is Cultivating the Next Generation

Management

Jon Mertz, Author, Activate Leadership: Aspen Truths to Empower Millennial Leaders Millennials have been raked over with many inaccurate stories and headlines. There is no reason to rehash old stories. Anyone can “Google” and see the past. The good news is we seem to be over the negative hype, and we have settled into other news.

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How A CEO Lets Go

Leadership, Management

Louise Kelly, CEO & Founding Executive, EnerBank In less than a month, I will be retiring as CEO of EnerBank USA. This decision didn’t come lightly. I’ve spent most of my life in banking: much of it in the mid-Atlantic region and, for the last 13 years in Salt Lake City, as the founding executive

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Why damaging nepotism persists?

Management

Chengwei Liu & Dawn Eubanks, Associate Professors, Warwick Business School Nepotism is detrimental to family businesses – more than 70 per cent of them fail after the first generation primarily due to poor succession decisions. Despite this well-known statistic nepotism persists, why? One possible reason is that the family business founder may wrongly believe that

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The Pain and Profit of Generational Transition

Leadership

Dr Don Steele, Coauthor of “Undefeated” It was a cold Michigan winter day when I first met Bill and Chris Shepler at a restaurant in Mt. Pleasant, Michigan. I had just flown in from my home in Scottsdale, Arizona. My meeting with the Sheplers had been arranged by Dr. Patty Janes, a professor at Central

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The World Crisis

Leadership

Identifying and Developing Leaders and Future Leaders…Yes, the Need for Succession Planning There are no strong companies, without having strong current leaders and a strong bench of emerging leaders. Although this has always been true, never in recent history has the need for outstanding leaders been more acute than it is today. In today’s challenging

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Don’t Get Testy with Salespeople

Management

People frequently ask me about the advisability of testing sales people for pre-employment or succession planning. Don’t do it! I discourage the practice for several reasons. First, the skill set of sales people differs from that of others in the organization. Certainly, the battery of tests I use would determine if a given sales professional

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Succession, Synthesis, Survival: Leveraging Demographics for Corporate Survival

Management, Strategy

Paul Nourigat An unprecedented wave of staff turnover will rock most industries for the next 15 years. The retirement of CEOs, their direct reports and many highly skilled positions will create an unprecedented vacuum of human capital. As the economy improves and productivity improvement tapers off, robotics and sourcing strategies will hit their ceiling and

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