Succession Planning

A Strong Succession Plan Leads to Strong Success

Having a clear succession plan for top leadership is vital for keeping any large or mid-sized organization running smoothly without interruption.

Leaving a Legacy: Embedding Success—and Succession—In Your Organization

How difficult is it for a company to remain on the Fortune 500 list? Jim Collins, of Built to Last fame, wrote in 2008 that since the list’s inception, nearly 2,000 companies have appeared on it—and only 71 companies from the original 1955 list were still running strong. The Kauffman Foundation, in a recent report, noted that after seeing relatively low turnover in the 1960s and 70s, Fortune 500 turnover accelerated to new highs in the 80s and 90s. And Peter Senge of MIT’s Sloan School of Management writes that the average lifespan of a Fortune 500 company is only about 30 years. With such an uneven record, any successful CEO preparing to depart from his or her company should rightly be concerned about the legacy he or she is leaving behind—but that legacy is about far more than the CEO.

John Donahoe’s Transformational Adventure

eBay’s John Donahoe Eight years into her tenure as eBay CEO, Meg Whitman called her former Bain & Co. colleague, John Donahoe, to interest him...

CEO Transitions: Getting off on the Right Foot

The retention of CEOs is enhanced when they begin their tenure on a strong footing. While executive integration is not a new topic, a recent study by RHR International shows that the process unfolds in a very specific fashion.

CEO Succession Planning: Crucial and Totally Overlooked

Although CEO succession planning is an integral part to any business plan, companies often fail to plan for it in a real and meaningful way. Doesn’t it seem counterintuitive to focus on leaving a company when you are busy enough with current management challenges? Failing to plan for the future can have negative effects on company reputation, employee morale, momentum and even stock price. Do you have a plan in place?

Rethinking the Role of No. 2

In recent years I have had a number of engagements with new and existing CEOs. They wanted me to help them arrive at a...
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FEATURED CONTENT

New Poll: CEOs Find Challenges In Using Customer Data To Drive Innovation

Ability to harness and sort through data for meaningful insights remains a hurdle, many say. “The key is...finding what is actually relevant.”

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CEO CONFIDENCE INDEX

August Poll Finds Surging CEO Optimism About A Potential Recovery In 2023—Or Sooner

After four months of continuous decline, our CEO Confidence Index jumped this month, as CEOs report early indications that by this time next year, the country will be in a recovery. “Business is picking up, and our clients are looking beyond 2023.”