Results announced yesterday of 20-year study by Indiana University’s Kelley School of Business in conjunction with AT Kearney found that companies that exclusively promote CEOs from within the ranks – as opposed to hiring outsiders – routinely outperform companies that hire CEOs from outside the firm.
The finding, I’d suggest, should hardly be any surprise. Organizational leaders have four or five hurdles to clear to be effective in organizations; effectiveness with colleagues, direct reports, and bosses (CEOs, investors, boards of directors), sector proficiency, managing change and organizational culture.… Read the rest