Executive Guide to Integrated Talent Management

10

Managing Succession Successfully for All Concerned

Marshall Goldsmith

Choosing a successor is one of the greatest accomplishments leaders in all key positions can achieve. This chapter mainly examines how to manage succession at the very top of an organization, but the same basic principles apply to the succession process for leaders at all levels. At the beginning of this process, an important issue that will come up is whether to put your energies into an internal or external successor.

Inside or Outside the Organization—Where Will You Find Your Successor?

There are many reasons to choose your successor from inside the company, as many companies do (figure 10-1). If you hire an external successor, the board will likely want someone with ...