Is selecting a new CEO on the horizon for your firm? Is there a successor? How involved should the incumbent CEO be in the process? What role should the board play and what should they look for? This great article by Erin Essenmacher should be mandatory reading for those approaching changes at any level of C-suite leadership, not just CEOs. It was my privilege to be interviewed for this article. At Randall Partners, LLC we help our clients successfully navigate this critical change, helping them define success, design the future of the role and then rigorously assess candidates through multiple behavioral interviews, and best-in class leadership assessments. Leaders hiring Leaders. Create a legacy of leadership - it's the one thing you will be most remembered for. george@randallpartnersllc.com https://lnkd.in/dZmGrNAq #RandallPartnersLLC #executivesearch #executiverecruiting #leadership
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Statement: No one has a deeper knowledge of how the company works than the sitting CEO, but the board should steer the process of choosing a CEO's successor Agree/disagree? #ceo #leadership #ceolife #board #boardofdirectors The Journey Platform
Should a CEO Choose Their Successor?
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The best CEOs use multiple strategies to identify, attract, and retain the best talent. As GE CEO Larry Culp states, “As a CEO, you absolutely have to get those [people decision’s] right. And you can’t do that at a distance.” Read More >> https://lnkd.in/eD-cBpaM #CEO #leadership #leader
What strategies do the best CEOs use to identify top talent?
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Bill George Bill George • Follower:in • Follower:in Executive Fellow, Harvard Business School, former Medtronic CEO, and Best-selling Author | True North Emerging Leader Edition available now! Executive Fellow, Harvard Business School, former Medtronic CEO, and Best-selling Author | True North Emerging Leader Edition available now! Zur Website 1 Woche • vor 1 Woche In my latest article for HBS Working Knowledge, I delve into the root causes of succession failures, highlighting the top five mistakes companies make when selecting the wrong CEO: -Failing to groom successors from within the company -Choosing a successor committed to following the current CEO's path -Allowing the current CEO to dominate the hiring process -Selecting an outsider who doesn't align with the company culture -Not giving the new CEO a clear mandate These common pitfalls offer valuable lessons for ensuring companies choose the right leaders for their futures. Read the full article here: https://lnkd.in/eP3-KmB7
Corporate Boards Are Failing in Their No. 1 Duty
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Recently, I've had the opportunity to engage with several SMB leaders who have adopted Gino Wickman's Entrepreneurial Operating System (EOS). Incorporating the EOS system into an executive search strategy presents a forward-thinking approach that redefines leadership recruitment for growth-focused companies. It's about leveraging The Five Leadership Abilities™—simplifying, delegating, predicting, systemizing, and structuring—not merely as concepts but as actionable strategies that fundamentally enhance the identification of transformative leaders. Choosing a firm like Headwaters Search, which understands the intrinsic value of these principles, means partnering with experts who are not just searching for candidates but are deeply committed to finding leaders who align with the company's core values. The GWC framework—Gets It, Wants It, and Capacity to Do It—underscores this strategy by prioritizing a holistic understanding of a candidate's fit. This methodology seeks individuals who resonate with a company's vision, are motivated by the role, and possess the innate ability to actualize these ambitions. It's about finding leaders who are not just qualified but are passionately aligned and ready to propel a company forward. Adopting this approach offers a compelling advantage: it ensures that the search process is not just about filling a vacancy but about forging a pathway for transformation and growth. It champions the recruitment of leaders who are in tune with an organization's core values and energized by the prospect of driving change within the framework of EOS. For businesses contemplating the next step in their evolution, selecting a search firm that embodies these values and methods can be a pivotal decision. It represents a commitment to sustain and significantly elevate their leadership impact, setting the stage for sustained success and innovation. If you are adding key members to your leadership team, please contact me to discuss how we can work together to help you reach your goals. #LeadershipRecruitment #EOSprinciples #GinoWickmanEOS #executiverecruiter
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Some great insights here!
Leadership is the key to sustained #value creation. But according to AlixPartners, the PE industry is not taking steps to produce sustained leadership excellence. Hunt Scanlon Ventures managing director, Drew Seaman, takes a look at why #PE still manages #talent in transactional ways. “Today, the PE industry manages talent in transactional ways,” said Clark Perry, partner, transformative leadership at AlixPartners. “There is a critical need for PE firms and portcos to work together to develop stronger change capabilities – tactically and strategically, technically, and culturally,” he said. Significant areas of misalignment between PE firms and portcos, he added, “create conflicting leadership agendas that could derail value-creation plans.” Read more >> https://lnkd.in/evEbTBjP
Here’s How PE Firms Can Reduce Talent Churn And Produce Better Leaders
exitup.huntscanlonventures.com
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Which of the 5 hurdles will impact your business this year? As a business leader, it's important to have a group of unbiased and experienced peers to navigate these challenges together. That's why I'm excited to be a Vistage Chair, building an elite group of leaders who will support each other in the good times and bad. If you're interested in being part of this special community, let's connect! #Vistage #ceos #peeradvisory
The 5 Biggest Hurdles for CEOs in 2024
inc.com
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When you're looking to move up in the professional world, specifically into a position of leadership, you're taking on a wealth of new responsibility - are you ready to rise to the challenge? These tips can help you make the switch with a seamless sense of control, and shine in your new role as a confident, impactful, capable leader. #leadership #leadershiprole #careertransition
Strategic guide to successfully transitioning into leadership roles
Florentina Susnea on LinkedIn
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Choosing the right CEO is the single most important decision a board makes. Yet, too often, companies struggle with succession planning. The consequences can be disastrous, as we've seen with some public companies. But there's a better way. Here's why proactive succession planning is crucial: • A well-prepared internal candidate can hit the ground running, minimizing disruption and maintaining momentum. • Succession planning encourages boards to think strategically about the company's future challenges and select leaders with the right vision. • Investing in internal candidates creates a pipeline of talented individuals ready for the top job. #BoardGovernance #SuccessionPlanning #Leadership #TalentDevelopment
Corporate Boards Are Failing in Their No. 1 Duty
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Leadership is the key to sustained #value creation. But according to AlixPartners, the PE industry is not taking steps to produce sustained leadership excellence. Hunt Scanlon Ventures managing director, Drew Seaman, takes a look at why #PE still manages #talent in transactional ways. “Today, the PE industry manages talent in transactional ways,” said Clark Perry, partner, transformative leadership at AlixPartners. “There is a critical need for PE firms and portcos to work together to develop stronger change capabilities – tactically and strategically, technically, and culturally,” he said. Significant areas of misalignment between PE firms and portcos, he added, “create conflicting leadership agendas that could derail value-creation plans.” Read more >> https://lnkd.in/evEbTBjP
Here’s How PE Firms Can Reduce Talent Churn And Produce Better Leaders
exitup.huntscanlonventures.com
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Too many leaders fail to recognize the imperative of grooming internal successors. This can have significant and far-reaching consequences: recruitment costs, leadership gaps, delayed execution, cultural misalignment, loss of institutional knowledge, but most importantly decreased employee morale and engagement, and a talent drain as top performers leave for better opportunities. #leadership #talentdevelopment #succession
Executive Fellow, Harvard Business School, former Medtronic CEO, and Best-selling Author | True North Emerging Leader Edition available now!
In my latest article for HBS Working Knowledge, I delve into the root causes of succession failures, highlighting the top five mistakes companies make when selecting the wrong CEO: -Failing to groom successors from within the company -Choosing a successor committed to following the current CEO's path -Allowing the current CEO to dominate the hiring process -Selecting an outsider who doesn't align with the company culture -Not giving the new CEO a clear mandate These common pitfalls offer valuable lessons for ensuring companies choose the right leaders for their futures. Read the full article here: https://lnkd.in/eP3-KmB7 #Leadership #CorporateBoards #CEO
Corporate Boards Are Failing in Their No. 1 Duty
hbswk.hbs.edu
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