If a member of the executive team leaves, businesses that fail to adequately plan for a transition in leadership face major consequences. This might result in a period of disorder, with teams at all levels lacking leadership and direction. Worse, it might make employees uneasy or scared about the company’s future direction and existing situation. […]
Depending on how it’s defined, leadership transition can have a variety of meanings. For some, transitioning to a new leadership position means a change of leadership, for others, this could mean appointing a new leader after the current one retires or passes away. Another meaning of leadership transition is management transition, which occurs when an […]