Research Summary

Management of Succession

by Joseph L. Bower

Description

An outgrowth of the work on the corporate office has been a more focused study on the management of succession. This work identified the reasons why the management of CEO succession has proved so difficult for so many companies as well as the way the best companies are able to manage the CEO succession process.  The key is the development of "inside-outsiders" men and women with deep understanding of the capabilities and culture of their organization who have both managed to maintain an objective perspective that enables to perceive the need for fundamental change and cultivate the skill set that enables to manage the transformation of their companies.