How to Use Coaching to Develop Successor Leaders

Studies conducted by various authors and organizations indicate that it is becoming increasingly difficult to be a successful leader.  In fact, among the Fortune 500 CEOs over the last 20 years, 30% have lasted fewer than 3 years. According to the Harvard Business Review, an astonishing 40% of new CEOs fail in their first 18 months on the job.   Statistics like those aren’t important.  Usually.  But suppose we’re talking about your successor.  Do you want your successor – and in a family owned business that means your daughter or son – to be one of those casualties or do you want them to become part of the 60% who succeed? To read the end of this article, click here.

The SOAKWU Epidemic: The Great Threat to Succession Success

Recently a client – Steve – expressed great concern about complacency.  “I think it’s creeping into the organization and the family; and I’m not sure I know what to do about it.  Our numbers still look good, but we seem to have lost the ‘fire in the belly’ that drove us for so many years.”  When I asked him to be more specific, he talked about “cruise control” management; “no one is as good as we are and we’ve paid our dues attitudes”; and entitlement episodes among immediate family members. To read the end of this article, and more like it, click here.