Five Perennial Considerations In Planning For The Next Generation Of Executives

Chief executive officers (CEOs) who have spent years in leadership positions have likely had many opportunities to weigh in on, or actively guide, succession planning. Yet many organizations still have bad succession planning that could lead to promoting internal folks that aren’t ready. That is problematic in any executive position, but catastrophic in the CEO role.

It is far wiser for boards and CEOs to closely examine the executive team and key middle managers during every strategic or board planning session and ask, “Who could take over, and who do we need to recruit to grow the organization?”

The . . .