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Three keys to CEO succession
Three keys to CEO succession - Trends
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Analysis of data from 18 companies across industries and geographies argues for three key success factors in an effective CEO succession process: (1) alignment of the board around the organizational needs and resulting leadership requirements; (2) understanding of candidates in terms of fit, given these requirements; and (3) integration of the new CEO into the role and the organization. Taken together, these elements define a process companies can follow. The article recommends steps that increase the likelihood of a well-managed CEO succession, whether planned or unexpected. No doubt about it, CEO departures create headlines, ...
A chief executive officer (CEO) or chief executive is one of the highest-ranking corporate officers (executives) or administrators in charge of total management. An individual selected as president and CEO of a corporation, company, organization, or agency, reports to the board of directors. responsibilities It is the responsibility of the chief executive officer to align the company, internally and externally, with their strategic vision. The core duty of a CEO is to facilitate business outside of the company while guiding employees and other executive officers towards a central ... Read More
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THREE KEYS TO CEO SUCCESSION
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