How to ensure successful Leadership Transitions - Michael Watkins

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The statistics are sobering, not only do 49% of external executive hires end in failure within 18 months, but internal moves prove to be challenging as well. For instance, 40% of internal job moves involving high potentials also end in failure. Besides the fact that these failures often have a traumatic impact for the individuals involved, the costs for the organizations are huge. Not only in terms of imago and hiring costs but, more importantly, in terms of opportunity costs.

To find out why leadership transitions prove to be so hard, and what companies and individuals can do about it, I interviewed Michael Watkins for my Leadership 2.0 podcast.

Michael D Watkins is Professor of Leadership and Organizational Change. He is a globally recognized leadership transitions expert and author of several best-selling books, including ‘The First 90 Days: Proven Strategies for Getting Up to Speed Faster and Smarter’. Additionally, he is co-founder of Genesis Advisors, a company whose mission it is to accelerate leaders to to reach their full potential, energise teams to achieve peak performance, and transform organizations to outperform the competition

During our conversation, Michael and I discussed the following topics:

0️⃣1️⃣ Where Michael’s interest in (leadership) transitions stems from
0️⃣2️⃣ The importance of accelerating leadership transitions (ROI)
0️⃣3️⃣ Why many companies do not pay enough attention to leadership transitions 
0️⃣4️⃣ Why do internal moves so often fail
0️⃣5️⃣ Homework for leaders who are about to make an internal move
0️⃣6️⃣ Why companies (too) often hire external talent
0️⃣7️⃣ Homework for leaders contemplating to make an external move
0️⃣8️⃣ External hires asked to drive change - but not to upset the system
0️⃣9️⃣ How can companies protect their investments in leadership transitions?
1️⃣0️⃣ Why did Michael founded Genesis Advisers and what does it do?

Resources:


Books by Michael Watkins: https://www.amazon.com/stores/Michael-Watkins/author/B001JS6RV8?ref=ap_rdr&isDramIntegrated=true&shoppingPortalEnabled=trueMichael Watkins - IMD: https://www.imd.org/faculty/professors/michael-watkins/Genesis Advisors: https://www.genesisadvisers.com/