Critical leadership transitions—especially when unplanned—are a huge disruption to an already unpredictable business environment.
With waves of retirements, senior managers moving into executive-level roles, and millennials or technical experts becoming first-time leaders, how are you developing leaders-in-transition? Are newly promoted managers left to sink or swim? Are leaders prepared for a new role or level before they make the move?
In the Global Leadership Forecast, only 37 percent of organizations use formal programs to ensure smooth leadership transitions at all levels. Yet organizations with transition programs are twice as likely to have better financial performance, and three times more likely to have a stronger leadership bench.
Prepare leaders as they transition through critical points: