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I recently gave a short talk on leadership transitions—in particular, the handoff from one chief executive to the next—at the Small Giants Summit in Detroit. Since joining RBB in 2000, I’ve been on both sides of this coin. I offered a number of hard-won, personal lessons to this enlightened audience of business founders, owners, CEOs, and up-and-comers.
From personal experience, I can tell you that no two transitions are alike. But by following the above guidance, you (the heir-apparent), the current leader, and, most importantly, the organization itself will be well served. You’ll be ready to take on the responsibility for the “baby” and others will know it too.
Please feel free to add your own advice in the comments section below.
Next time, I’ll share additional thoughts for chief executives on how to make the best possible handoff to the next person in line. It’s a difficult challenge even under the best conditions, so let’s learn from each other.
Bruce Hendrick founded Building Trust in 2008 to help clients feel less isolated in their careers and lives, allowing them to cut through the distractions, build on unique talents, forge stronger relationships, and work more effectively with less stress.
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