A culture that identifies and cultivates leaders is essential to firms that cannot afford leadership gaps that arise from unforeseen circumstances. Creating this type of culture is a challenge.
According to the Wall Street Journal article, Sudden Leaders Loss Leaves Firms in Limbo, “Many managers don’t think their companies have a sufficiently strong leadership pipeline. About 39% said that their own company’s leadership pipeline is inadequate, versus 10% that said it was ‘robust.’ About 47% said their pipeline was adequate.”
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