Who's Next?

Goldsmith, Marshall
April 2009
Leadership Excellence Essentials;Apr2009, Vol. 26 Issue 4, p9
The article discusses the pros and cons of internal and external succession. Hiring external leaders with proven success records are not cheap. The damage an external chief executive officer may cause if he fails to lead the organization is explained. Hiring from the outside indicates a failure in leadership development within the company. Developing an internal successor is often the best route for the organization. Hiring internally sends out a message that leaders within a company are developing talent.


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