Customer Reviews

Growing Your Company's Leaders: How Great Organizations Use Succession Management to Sustain Competitive Advantage

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Bob Fulmer was my dissertation supervisor when he was a professor at Georgia State University and I was in the doctoral program. I am a Board member for a $300 million portfolio of healthcare companies and was recently charged with succession planning. In my review of the literature, I ran across Bob's book and purchased it. It is a best practices study of the succession planning of six global companies and therefore oriented to the needs of large, if not multinational companies, rather than entrepreneurial, founder in control business, such as ours is. It is well researched and well written as I would have suspected.

The two most important roles that a corporate Board of Directors (BOD) plays are its governance responsibility and CEO succession planning. However, within this passing decade it has become critically important for the succession planning process to be pushed beyond the BOD, much deeper into the organization. In "Growing Your Company's Leaders" the authors expertly address the ever-changing rules in the game of attracting top talent, stressing the need for competitive companies to have a strong handle on the succession process - or face the consequences. Soundview recommends this book because it's ultimately people who run organizations and it's up to the leaders to inspire a vision among employees. Given the dynamism of the talent market, companies need to decide their own succession fate or their competitors might do it for them.