The Rising Leader: Strategies for Successful Executive Transitions with Navid Nazemian

In this episode, I'm joined by Navid Nazemian, an expert in executive transitions and author of "Mastering Executive Transitions, the Definitive Guide." We dive deep into the challenges executives face when transitioning into new roles and the strategies they can employ to ensure success. With a staggering 40% failure rate within the first 18 months, it's clear that executive transitions require careful planning and support.

Navid Nazemian brings a wealth of experience to the conversation, having coached over 100 C-level clients worldwide. His expertise is grounded in research and his extensive coaching background, making him a sought-after authority on the subject. In addition to his book, Navid offers a 14-question quiz and a 31-page workbook on his website, providing practical tools for executives and their coaches to navigate transitions effectively.

"Working with a qualified transition coach can de-risk executive transitions by about 50% or more and accelerate the time it takes for an executive to start paying dividends on the investment made in them." - Navid Nazemian

Today on The Rising Leader:

·     The cost of transition failures at the top level is estimated to be 20 to 30 times an executive's annual salary, with potential ripple effects and significant financial impact on organizations.

·     External appointments into executive roles are slightly riskier than internal appointments. Studies show that external appointments are 43-47% likely to fail, compared to 34-37% for internal appointments.

·     Organizations often provide support to externally appointed executives but may fail to do the same for internally appointed executives, despite the unique challenges they may face.

·     The topic of successfully transitioning out of an executive role, particularly in the last 90 days, is highly unexplored, which is why Navid dedicated an entire chapter to it in his book.

·     It's valuable to be mindful and structured about the first twelve to eighteen months in a role, as the successor can benefit from these conversations.

·     The "double diamond executive transition framework" applies not only to CEO transitions but also to departmental leadership transitions, and is based on real-life experiences.

·     Leadership and people skills are critical for high achievers transitioning into major roles, as they may struggle to understand the impact on people's egos and security.

·     Tony Schwartz's concept of managing energy, not time, is discussed as a key strategy for leaders.

Resources Mentioned:

·     Navid Nazemian's book: "Mastering Executive Transitions, the Definitive Guide"

Connect with Navid Nazemian:

·     LinkedIn

Website

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