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Inside the Strategy Room
184. How to manage a successful CEO transition
Nov 15, 2023
McKinsey experts, Carolyn Dewar, Blair Epstein, and Kurt Strovink, share insights on CEO transition planning. They discuss early planning, timing considerations, succession planning, and navigating CEO transitions in family-owned businesses. The podcast also explores the mindset of CEOs transitioning out of their roles and the value of their skills beyond their tenure.
41:35
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Quick takeaways
- CEO successors should start transition planning early to ensure a smooth and successful departure, leaving behind a strong legacy.
- Successful CEOs focus on leadership development, cultivating potential successors, and evolving their own mindsets throughout their tenure.
Deep dives
Importance of Transition Planning
Transition planning for CEO successors should begin on day one of their role, not as a last-minute preparation. The process involves setting up the next generation for success and requires careful consideration and preparation. CEOs should focus on leadership development and cultivating potential successors within the organization. By starting early and actively engaging in succession planning, CEOs can ensure a smooth transition and leave a strong legacy.
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