When Picking a New CEO, Ask Them for a Growth Plan

When Picking a New CEO, Ask Them for a Growth Plan

Corporate boards often rely on backward-looking data when selecting CEOs, leading to flawed decisions. To improve the selection process, boards should ask candidates to create a growth plan that outlines their vision for the company’s future, providing a structured and comparative look at their strategic thinking. This approach not only helps in assessing the candidate’s alignment with the company’s goals but also fosters accountability and tran…

What to keep in mind when picking a new CEO

Corporate boards often select CEOs based on past accomplishments, but this approach can overlook how candidates would handle current and future challenges, Harvard Business Review writes.  Senior-level interviews typically offer only surface-level insights and make side-by-side comparisons difficult, leadership advisor Anand Joshi contends. To improve decision-making, boards should ask candidates to develop detailed growth plans, offering a clea…