Great Leaders Develop Future Managers and Leaders

Succession Planning
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Eugene James
Manager, Switzerland
Beyond building mighty companies, great leaders groom their managers to become in turn future successful leaders. That is according to Sydney Finkelstein (2016), who argues that what sets great leaders apart is a range of personality traits - such as high confidence, a competitive and imaginative streak - while they also act with integrity. Furthermore, through an extensive survey, Finkelstein identified a number of key practices shared by "Superbosses" in developing talent. A cornerstone of the practices consists of out-of-the-box hiring, inspired by the following principles: Value people who exhibit unconventional thinking. Seek for talent in a broad pool. Take risks to bet on unproven prospects. Tap into managers-talent and accordingly assign tasks, rather than fitting them into strait-jacket jobs Allow managers to move on to build their career. This sends a strong signal to external talented candidates. Instill a culture of excellence wherein managers strive to surpass t (...) Read more? Sign up for free

 

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