商品敘述：

Many large companies fail to pay enough attention to their leadership pipelines and succession practices. That leads to excessive turnover at the top and destroys a significant amount of value--close to $1 trillion a year among the S&P 1500 alone, say the authors of this article. The biggest costs are underperformance at companies that hire ill-suited external CEOs, the loss of intellectual capital in the C-suites of organizations that executives leave behind, and for companies promoting from within, the lower performance of ill-prepared successors. Companies and their boards can (and must) do better. The solution isn''t that complicated: Firms need to start succession planning well before they think they need to; make sure they identify and develop rising stars; appoint the most promising executives to the board to help prepare them to take on the top job; and look at both internal and external candidates. In addition, when working with search consultants, firms should avoid perverse incentives like contingency and percentage fees.

涵蓋領域：

Boards;Change management;Leadership development;Leadership transitions;Management development;Organizational change;Succession planning

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