- Hardcover: 256 pages
- Publisher: Jossey-Bass; 1 edition (September 25, 2012)
- Language: English
- ISBN-10: 1118203216
- ISBN-13: 978-1118203217
- Product Dimensions: 6.3 x 0.8 x 9.4 inches
- Shipping Weight: 1.1 pounds (View shipping rates and policies)
- Average Customer Review: 4.4 out of 5 stars See all reviews (3 customer reviews)
- Amazon Best Sellers Rank: #552,196 in Books (See Top 100 in Books)
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Inside CEO Succession: The Essential Guide to Leadership Transition 1st Edition
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From the Inside Flap
CEO succession is more critical today than ever before as the global business environment now demands far greater leadership and governance from a company's board of directors, its CEO, and its executive team. Yet, over the past several years, we have witnessed a growing number of CEOs failing early in their terms, and in many instances, with devastating consequences to their companies and stockholders.
There are a number of reasons for such a high failure rate in leadership, although the one cause common to almost every failed leadership transition is the lack of ownership of the CEO succession process.
RHR, which as a firm is comprised entirely of consulting psychologists, understands the unrevealed realities of human behavior and motivation, such as factors of ego, role-relationships, power, and human dynamics associated with relinquishing leadership, preparing successors, and ceding power and authority to other people. These often-overlooked phenomena create undetected problems in the succession process and ultimately cause many CEOs to fail early in their tenures.
To be effective, CEO succession requires a well-defined course of action that ensures a supply of highly capable candidates are ready to assume the chief executive position whether through an unexpected event or a planned transition. Inside CEO Succession is offered to help boards comprehensively manage that process and effectively sustain their company's success. Dr. Thomas J. Saporito, CEO of RHR International, and Dr. Paul Winum, senior partner of RHR International, have authored a seminal work that expertly combines years of business practice with a deep comprehension of human and organizational behavior and motivation, making Inside CEO Succession a highly informed work that blends business acumen and psychological insight.
From the Back Cover
"One of the most important tasks (some would argue that it is the single most important role) of any board is CEO succession. Inside CEO Succession offers an essential guide to a process that, as the authors point out, is 'fundamental to the success or failure of a company.'"— Douglas N. Daft, former chairman and CEO, Coca Cola Company; director, McGraw Hill Companies and Walmart
"An excellent book that highlights, and provides concrete examples of, the importance of managing both the interpersonal and psychological dynamics inherent in succession planning for today's company . . . a recommended read for anyone who touches the talent succession process."— Ajay Banga, president and CEO, MasterCard Worldwide; director, Kraft Foods; former chairman and CEO, Citigroup International Global Consumer Group
"Nothing matters more to a company than the selection of its next CEO. However, too many boards continue to treat CEO succession as a one-time event addressed only in the case of an emergency. Tom Saporito and Paul Winum provide a practical guide to board members by outlining the process involved in developing a seamless, thoughtful, and successful CEO succession program."— James M. Kilts, former CEO, Gillette and Kraft/Nabisco; chairman, Nielsen Holdings N.V.; director, Pfizer, Inc., Del Monte Foods, MeadWestavco, and Metlife
?"While other books have been written on the science of CEO succession, Tom Saporito and Paul Winum go beyond the 'how-to' and capture the subtleties and nuances that turn the process from an academic exercise into a practical art form. Inside CEO Succession is an excellent read and an essential addition to your business library."— Robert Morrison, former vice-chairman, PepsiCo; former president and CEO, Quaker Oats;?director, 3M, Aon, and Illinois Tool Works
"Tom Saporito and Paul Winum have taken the discussion in a whole new direction, outlining the process and supporting it with best practices that truly enhance shareholder value by facilitating seamless leadership transition at the top of the house. It's these kinds of insights that Tom and Paul bring, making Inside CEO Succession a must-read for boards, chief executives, and future CEOs."— Robert Lawless, former chairman, McCormick and Company; director, Exelon Corporation and The Baltimore Life Insurance Company
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Top Customer Reviews
The book talks about how CEO succession has changed. How the long term CEO is a thing of the past. I, personally, know of companies that still have long tenured CEOs and I wonder if there is a link
The book is rich with examples of CEO successions that have gone right and those that have gone wrong.
The 10 steps they suggest:
1 - Establish board involvement and ownership. CEO succession is one of the most important functions of the board.
2 - Set succession timeframes
3 - Prepare for emergencies
4 - Align strategy and profile
5 - build a talent pipeline
6 - Source external talent and manage search firms
7 - Select the CEO
8 - Proactively manage the transition
9 - Measure performance and improve process
10 - Manage the dynamics in CEO Succession
Due to the critical nature of CEO Succession, I highly recommend this book for anyone involved in the process.