When it comes to CEO transitions, most organizations focus on the search for the next CEO. This is, of course, paramount to a successful transition. But there’s a neglected element to the transition: organizational readiness.
Organizational readiness spans the gamut from the company’s strategy, to financial health, to culture, and more. When a company prepares these areas for transition, the organization is ready from day one to support the new CEO. This demonstrates to the CEO that they’re joining a well-oiled leadership team.
In order to prepare the company for transition, there are three specific areas to focus on. You can learn about each in this article.
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