Searching for your next CEO? Don’t be starstruck.
Celebrity CEOs may be in fashion, and public image is undoubtedly part of the job. But the future CEOs who will awe and inspire us won’t be those trailed by paparazzi.
Celebrity CEOs may be in fashion, and public image is undoubtedly part of the job. But the future CEOs who will awe and inspire us won’t be those trailed by paparazzi.
Most new CEOs assume that if they have been successful in previous jobs, they will be successful in this new role. But the truth is that this next level of leadership comes with a degree of stress and adversity unlike anything they have encountered previously.
We all have examples of succession executed with precision; some of us have just as many where we were caught flatfooted with no plans to deal with the unexpected. Don’t leave it to luck.
Whether you find your next CEO internally or from outside your company, it’s imperative to have a methodical and disciplined approach to selection and integration to guard against biases such as the halo effect.
Boards tend to give new CEOs ‘space,’ but that lack of involvement makes it harder for CEOs to succeed. Here are four steps to set up your new CEO for success:
CEO succession is not an event, but a series of actions orchestrated over the course of several years. Here are four tips on how to make this go as successfully as possible.