Assessment of the situation to devise a game plan for things to come to fruition.

What can modern business leaders learn from Einstein’s Annus Mirabilis papers, published in 1905? Plenty! At a minimum, CEOs can develop a way of thinking about an organization’s resources and potential for competitive advantage in the way that Einstein imagined a physical property’s mass and potential energy.

ceo magazine, succession planning
Paul Nourigat

An unprecedented wave of staff turnover will rock most industries for the next 15 years. The retirement of CEOs, their direct reports and many highly skilled positions will create an unprecedented vacuum of human capital. As the economy improves and productivity improvement tapers off, robotics and sourcing strategies will hit their ceiling and human reinvestment will be required to fill the gaps. Regardless the size or ownership structure of American companies, most simply aren't ready.

the ceo magazine risk taking

In my work, I frequently engage in a broad-based leadership development program to prepare top talent for advancement. That was the case when I recently worked with a large construction company to groom Mike, one of the presidents, and Joe, the lead risk officer, for advancement.

During the 360 peer interviews I asked Mike how Joe could improve in general and how he could specifically help Mike with his growth objectives. Without hesitation, Mike answered, “I need for Joe to take me right to the edge of the cliff without letting me fall over. Right now he’s serving as the business-prevention arm of the business.”

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