Your CEO retired. Your CTO was just poached by a competitor. Your CFO changed career paths. Whatever the situation, losing tenured management is never easy—and it’s even harder when you’re talking about the C-suite. Great leadership doesn’t grow on trees, and finding a replacement within your industry can amount to finding a needle in a haystack.
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Upon losing an executive, many companies seek to fill the position as quickly as possible with someone who has industry tenure. They promote from within or seek to poach from a competitor. But in looking for a replacement with specific industry experience, companies limit the scope of their search.…Continue reading