Details

Inside CEO Succession


Inside CEO Succession

The Essential Guide to Leadership Transition
1. Aufl.

von: Thomas J. Saporito, Paul Winum

29,99 €

Verlag: Wiley
Format: EPUB
Veröffentl.: 13.08.2012
ISBN/EAN: 9781118218037
Sprache: englisch
Anzahl Seiten: 256

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Beschreibungen

<b>A comprehensive guide to planning for CEO succession, from the experts at RHR</b> <p>As the demands from stakeholders for consummate leadership and good governance from a company's board of directors, its CEO, and its executive team increase, how the process of CEO succession is carried out has become more critical than ever before. Yet, over the past several years, a growing number of CEOs have failed early in their terms, often with devastating consequences to their companies and stockholders. By far the most common problem is a lack of ownership of the CEO succession process. <i>Inside CEO Succession</i> provides businesses, leaders, and boards with the strategies they need to execute their responsibilities with a heightened level of professionalism and ensure the sustained success of the companies they serve.</p> <p>Written by Dr. Thomas J. Saporito, CEO of RHR International, and Dr. Paul Winum, Senior Partner of RHR International, the lessons of <i>Inside CEO Succession</i> are rooted in RHR's long-standing history of bringing expert knowledge, experience, advice, and counsel to the issues related to CEO succession. The culmination of RHR's 65 years of experience providing expert counsel to the boards of directors of hundreds of companies, it explains how ego, role-relationships, power, and human dynamics associated with relinquishing leadership, preparing successors, and ceding power and authority to other people create undetected problems in the succession process and ultimately cause many CEOs to fail early in their tenures.</p> <ul> <li>Distills RHR's 65 years of experience helping businesses deal with CEO succession into one practical resource</li> <li>Presents strategies to enable boards to understand their role in succession planning and how to source leadership that best fits their organization's culture and requirements</li> <li>Brings together business acumen and psychological insight to help readers better prepare for more effective CEO succession</li> </ul> <p>To be successful, CEO succession requires a well-defined course of action that ensures that a number of highly capable candidates are ready to assume the chief executive position whether through an unexpected event or a planned transition. <i>Inside CEO Succession</i> is designed to help boards comprehensively manage that process and effectively sustain their company's profitability.</p>
<p>Acknowledgments xiii</p> <p>Foreword: Douglas R. Conant, former CEO of Campbell Soup Company xv</p> <p>Introduction 1</p> <p><b>Part I: Why CEO Succession Is More Critical than Ever 5</b></p> <p>Chapter 1: From Checkers to 3-D Chess 7</p> <p>Chapter 2: Success or Failure—The Cause and Cost 21</p> <p>Chapter 3: Whose Job Is It, Anyway? 39</p> <p>Chapter 4: RHR’s Essential Point of View 55</p> <p><b>Part II: The 10 Key Dimensions of Effective Succession 71</b></p> <p>Chapter 5: Establish Board Ownership, Involvement, and Oversight 73</p> <p>Chapter 6: Set Succession Time Frames 89</p> <p>Chapter 7: Prepare for Emergencies 105</p> <p>Chapter 8: Align on Strategy and Profile 119</p> <p>Chapter 9: Build the Talent Pipeline 131</p> <p>Chapter 10: Source External Talent and Manage Search Firms 145</p> <p>Chapter 11: Select the CEO 157</p> <p>Chapter 12: Proactively Manage the Transition 169</p> <p>Chapter 13: Measure Performance and Improve Process 187</p> <p>Chapter 14: Manage the Dynamics in CEO Succession 197</p> <p>Epilogue: Perspectives on the Future 205</p> <p>Appendix: Ten Questions a Director Should Ask 213</p> <p>About RHR International 219</p> <p>References 221</p> <p>Index 229</p>
<p><b>Dr. Thomas J. Saporito</b> (Chicago) Ed.D., is chairman and CEO of RHR International. Widely recognized as an expert in CEO succession, he has specialized over the past 30 years in consulting with CEOs, boards of directors, and senior management on succession planning and top management leadership. He works closely with chief executives and senior management on accelerating business strategies by strengthening individual leadership and team-based performance. A former member of the NACD Blue Ribbon Commission on CEO Succession, his career has taken him throughout the United States, Europe, and Asia.</p> <p><b> Dr. Paul C. Winum</b> (Atlanta, GA) Ph.D., is a senior partner with RHR International and serves as global practice leader–CEO Succession. He is a regular contributor to articles published in the <i>Wall Street Journal, Fortune</i>, and <i>Forbes</i>. In 2007, he was awarded specialty board certification in Organizational and Business Consulting Psychology by the American Board of Professional Psychology and was elected as a Fellow of the American Psychological Association.
<p>CEO succession is more critical today than ever before as the global business environment now demands far greater leadership and governance from a company’s board of directors, its CEO, and its executive team. Yet, over the past several years, we have witnessed a growing number of CEOs failing early in their terms, and in many instances, with devastating consequences to their companies and stockholders.</p> <p>There are a number of reasons for such a high failure rate in leadership, although the one cause common to almost every failed leadership transition is the lack of ownership of the CEO succession process. <p>RHR, which as a firm is comprised entirely of consulting psychologists, understands the unrevealed realities of human behavior and motivation, such as factors of ego, role-relationships, power, and human dynamics associated with relinquishing leadership, preparing successors, and ceding power and authority to other people. These often-overlooked phenomena create undetected problems in the succession process and ultimately cause many CEOs to fail early in their tenures. <p>To be effective, CEO succession requires a well-defined course of action that ensures a supply of highly capable candidates are ready to assume the chief executive position whether through an unexpected event or a planned transition. <i>Inside CEO Succession</i> is offered to help boards comprehensively manage that process and effectively sustain their company’s success. Dr. Thomas J. Saporito, CEO of RHR International, and Dr. Paul Winum, senior partner of RHR International, have authored a seminal work that expertly combines years of business practice with a deep comprehension of human and organizational behavior and motivation, making <i>Inside CEO Succession</i> a highly informed work that blends business acumen and psychological insight.

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