Meanwhile, boards and key executives fail to grasp the complex nature of CEO succession or set one-dimensional expectations of the new leader.Ī comprehensive succession process begins when a candidate accepts the position and lasts for several months after his or her arrival. "Newcomers (new CEOs) misread the political situation or overestimate the organization’s willingness to abandon old behaviors. In the Harvard Business Review article, After the Handshake by Dan Ciampa, one-third to one-half of new CEOs, whether they're hired from outside or internally, fail within their first 18 months. Both your board and your team will appreciate your thoughtfulness and planning prowess, while you simultaneously raise your visibility and strengthen your personal brand as an astute business leader. It will also eliminate the last-minute scramble to pull your quarterly reporting numbers together. It’s a valuable tool to keep you and your team on track. The plan is sure to keep you and your team on track and accountable.Ī 90-day plan helps to document, organize and create an action plan for the next quarter.
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