Advancing Executive Coaching: Setting the Course for Successful Leadership Coaching

Coaching in Executive On-Boarding

Grow Within/Buy Outside: The Business Case

With the increased emphasis on growth and change, it seems only natural that when filling critical positions a company looks to use the approach of “buy” as opposed to growing from within when there are apparent talent gaps. However, this strategy should be used with caution. The statistics are stacked against new executives brought in from the outside. It has been estimated that 50 percent of leaders will be fired or quit within the first three years and most will fail within the first eighteen months in their role (Downey, March, & Berkman, 2001). Nadler (2007) makes the case that companies are wise to grow their leaders from within to avoid exorbitant costs of replacement, ...