And When You Finally Reach the Top…, Family Business Magazine
When a company’s succession process is well planned and implemented, successor candidates rise to the top job through demonstrated competence on strategic and operational matters. By this time, seasoned successors know how to motivate, organize and monitor their subordinates. And they know how to cope with their suppliers and competitors. But even in the best of cases, when successors reach the top they quickly realize that little about their training prepares them to manage another group to whom they are now accountable-namely, the shareholders.
Lansberg, Ivan. 2001. And When You Finally Reach the Top…. Family Business Magazine.