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Inside CEO Succession: The Essential Guide to Leadership Transition by Paul Winum, Thomas J. Saporito

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Chapter 1

From Checkers to 3-D Chess

“Business is a highly-charged and ever-changing environment. Businesses strive to evolve so they can maintain their fitness to compete. CEO succession has to start with, and run in parallel to, the incumbent's role if a business is to have any hope of keeping up momentum. Missing this nuance means it is doomed to making transitional decisions that could have a negative impact on the future.”

—James P. Hackett, CEO and president of Steelcase, Inc.

It is very difficult for a leader—any leader—to step down and hand over the reins of their company to someone else. Human nature being what it is, power is a most difficult force to surrender to another. Those who aspire to positions of leadership are ambitious, ...

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