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The most effective and scientific way to select and develop your company's future leaders
The Strategic Consultancy Gallup
One of the biggest problems companies face in hiring and developing future leaders is that senior executives, buoyed by their belief in their own success, often select people who are a lot like themselves.
The effect is pervasive and damaging. In one case, we discovered a company removing key future strategic leaders who were still several levels down in the organization. Why? Because those up-and-coming executives failed to mirror the company’s top leaders and take the short-term, reactive posture demanded of them. In such examples, leaders clearly were unaware of their bias toward hiring and promoting people like themselves, with severe consequences on leadership selection, succession, and development.
The fact is that succession planning remains an enduring business leadership challenge, particularly during this period of economic volatility, global uncertainty, and retrenchment.