Leadership transition is difficult at any level, but when it involves the CEO, it becomes especially tricky. Having worked with privately held businesses over the past 25 years, I’ve seen some brilliant moves, and ones that were a bit more questionable. I watched closely, a good friend step down from running a prominent, third generation family business in favor of a younger, non-family member who was a better fit to lead. I’ve seen yet another friend struggle when his two partners were tragically killed in a plane crash. Because had no plan, he was forced to transition into another business, and give up the dream they had together. Through it all, the one recurring theme that I see is the notion that leaders can, indeed be developed and that successful leadership transition is rarely an accident. Like the best sports franchises, those with the deepest talent pools always seem to blow away the competition.
Dr. Thomas J. Saporito and Dr. Paul WInum of RHR International, give you the book – Inside CEO Succession – to help take the mystery out of the CEO any leadership transition. They’ve identified the 10 key dimensions of any successful transition, and here they are….