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Tiriel Denouncing his Sons and Daughters, William Blake, 1789 (Source: Detlef W. Dorrbecker, William Blake: The Illuminated Books)

Succession Planning Reduces Turmoil and Economic Impact of Departing CEO

Idea posted: December 2016
  • Leadership & Change

Formal succession plans ensure more careful and efficient CEO turnover decisions, and reduce the economic and organizational disruptions that can undermine a company in the wake of a CEO’s departure.

Idea #639
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Ten Steps for New Executives: Understand the Culture before Implementing Change

Idea posted: May 2016
  • Strategy
  • CSR & Governance
  • Leadership & Change
Institutions: IESE Business School

New executives must immediately understand and evaluate a company’s culture before launching any significant change initiatives. They must ask themselves: Is this the right culture for the future? And given the current values, norms and beliefs of the company, how can I best implement change and build the foundation for sustainable success?

Idea #606
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Five gantry cranes, built at ZPMC, destined for Hamburg, on the vessel Zhen Hua 20, 2007 (Source: Wikimedia Commons)

A Lesson from China: Growth Is Not Eternal So Be Prepared

Idea posted: March 2015
  • Strategy
  • Finance
  • Leadership & Change
  • Marketing

Shanghai Zhenhua Heavy Industries (ZPMC) was a high-flying builder of large-scale container cranes whose decisions — such as lifetime guarantees on all parts and ambitious diversification — reflected a belief that growth would last forever. It didn’t.

Idea #495
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Lifecycle of the Emperor Penguin in Chinese, designed by Zina Deretsky, National Science Foundation, Arlington V.A. (Source: Wikimedia Commons)

Seven Key Steps to Effective Succession Planning

Idea posted: October 2014
  • Leadership & Change
  • Learning & Behaviour

Strong leadership is key to the success of a company, yet most companies do not have an actionable succession planning process in place to replace departing CEOs or key C-Suite executives. The solution: to craft succession plans closely tied to coaching and internal talent development.  

Idea #452
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Generalist CEOs Not Specialists Spur Innovation

Idea posted: March 2014
  • CSR & Governance
  • Innovation & Entrepreneurship
  • Leadership & Change

Generalist CEOs — CEOs who have built their careers in different industries or for different firms — are more likely to spur innovation in their companies than specialist CEOs with technical knowledge who have never left their industries. The major reason is that generalists are not afraid: if they lose their jobs after an ambitious transformative innovation effort fails, their skills and knowledge will easily transfer to another job in another firm or industry. Specialist CEOs must tread more carefully.

Idea #349
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Forced Entry

When Successful Managers Go off the Rails

Idea posted: May 2013
  • CSR & Governance
  • Leadership & Change
  • Learning & Behaviour

Managers who are solidly established in their organizations and boast impressive track records can suddenly find their careers ‘derailed.’ They no longer have the skills, mindset, personality or reputation that made them effective leaders in the past; eventually they are demoted, fired or asked to take early retirement. New research from the Center of Creative Leadership confirms the causes of such derailment and also identifies what managers and companies can do today to prevent situations that are not only devastating to the individuals but also costly to their organizations.

Idea #136
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