Debunking the Myths of the First 100 Days: The Right Way and the Wrong Way for New CEOs to Approach Their Role
Question the conventional rules about taking command of a business. Some of them are seriously misguided and need replacing by up-to-date guidelines. New CEOs like to make an early impact, often by very bold actions, but for a long-lasting impact, what’s needed is a more flexible and considered approach.
Content: Article | Authors: Peter Tollman, Roselinde Torres | Source: Boston Consulting Group (BCG) | Subjects: Leadership, Management
Choosing the Best Next CEO: Succession should be a process, not a horse race
CEOs and board of directors are often unprepared for the difficulties of succession. With so much at stake for different stakeholders, politics and emotions come into play and can derail the effort.
Conducted effectively, the succession process creates a smooth transition from one CEO to the next with positive outcomes for the company and all stakeholders concerned. While every succession situation is unique, an effective process … [ Read more ]
Content: Article | Authors: Roselinde Torres, William Pasmore | Source: Mercer Management Journal | Subject: Corporate Governance