CEO Succession

THE CHAIRMAN OF A HEALTHCARE ORGANIZATION APPROACHED US WITH A REASONABLE REQUEST: “Help us find our next CEO from our C-Suite ranks or, if necessary, from the external market.” Despite the talent sophistication of the board, their request reflected a superficial understanding of the dynamics of CEO succession. Their real needs were not transactive in nature (find the next CEO)-their real needs were strategic: “Help us optimize our success far into the future.”

CEO succession, orchestrated right, is not a transaction–it is a major systemic change that navigates to the high performance intersection of top talent, strategy, vision, values and culture. So what are some best practices for World Class CEO Succession?

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