Filed Under: Succession Planning

Published on: Wednesday, September 29, 2010

A Business Value Lesson Reveals Management Succession Truths

Posted By: Joseph Daniel McCool
Filed Under: leadership, joseph daniel mccool, talent management, executive, ceo, management, succession planning, chuck richards, small business, chairman's view

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Most private business owners wear two hats. One is the "Owner" hat. The other is the "CEO" hat. And Chuck Richards, CEO of Chairman's View, a business valuation consultancy, says the key to effectively passing any private, often small business from one leader to the next requires a strict ownership focus on building the transferable value of the enterprise.

First, Richards advises business owners, you must think like an owner, and to reach your goals for the eventual transition of the business, you must:

Define success
Assess the transferable value of the business asset
Take measurable action
Create better options

Published on: Tuesday, September 07, 2010

The HP Succession Debacle

Posted By: Joseph Daniel McCool
Filed Under: joseph daniel mccool, talent management, succession planning, mark hurd, hewlett-packard, oracle

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If the issues at stake for Hewlett-Packard weren't so serious for shareholders and employees alike, one might find some humor in the disastrous, but highly avoidable, set of circumstances that have unfolded since the surprise resignation of Mark Hurd and his appointment as co-president at Oracle.

In the interest of time, let's set aside the reasons for Hurd's abrupt and rather embarrassing exit from his former employer. Instead, let's consider that one man was sitting with the titles of HP chairman, CEO and president and credited with leading a successful turnaround of the company. And let's acknowledge that public company directors almost universally cite CEO succession planning as one of their top three responsibilities, if not their primary responsibility.

Published on: Monday, August 09, 2010

Who’s Going to Follow the Leader?

Posted By: Joseph Daniel McCool
Filed Under: leadership, joseph daniel mccool, talent management, market trends, ceo, human resources, succession planning, heidrick & struggles, bill conaty, stanford university

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For years, public company directors have told me their single most critical responsibility is to ensure a smooth and effective process for CEO transition. And I've heard Bill Conaty, the former longtime head of human resources at General Electric, say great leaders help develop their own successors and succession plans; lousy leaders are intimidated by them.

So how, then, to reconcile the data from a joint survey by Heidrick & Struggles and Stanford University's Rock Center for Corporate Governance that more than half of the business executives they polled cannot immediately name a successor to their current CEO should the need arise.