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Promotion can be a risky business

More staffers are moving into the corner office but data shows tenure is shorter. New CEOs promoted into the corner office don’t take a six-month listening tour. They don’t need to get acquainted with staff and there is no learning curve on the industry, members or challenges facing the group.Those are advantages to internal candidates, often touted by recruiters and the CEOs themselves, but that same edge has also been the downfall of many. Veteran CEOs warn of the unique issues that beset new top executives after promotion. Some complain of accelerated expectations, since promoted leaders are assumed to be familiar with the organization. Others note the difficulty of… Read More