Afocus on potential can improve talent spotting at every level of the organization—especially the very top. When choosing a CEO or board member, as opposed to a young manager, you’ll often find that several candidates have the right credentials, experience, and competencies. That’s why an accurate assessment of their motivation, curiosity, insight, engagement, and determination is all the more important.
For CEO roles, succession planning must start very early, ideally when a new leader takes charge but no later than three to four years before he or she expects to leave. At Egon Zehnder, even when a much longer tenure is expected, we help companies assess potential two to four layers below the C-suite, identifying people to retain and develop so that some can become contenders for the top job.…