Recommended Reading - Succession Planning From Wharton

Knowledge@Wharton on November 27 published a superb article entitled, CEO Succession: Has Grooming Talent on the Inside Gone by the Wayside?

According to Wharton faculty members ... say, companies are increasingly looking to fill top spots with external candidates, while placing less emphasis on grooming employees to fill those roles.

... "The trend line from 1970 to 2000 shows a slow but steady increase in the number of companies that look to the outside in the case of a departing CEO," says Wharton management professor Michael Useem, director of the school's Center for Leadership and Change Management. "At the start of that period, one in seven new CEOs at major companies came from outside the firm; by the end, one in four."

The article breaks down into separate analyses of a different Wharton professors, who specialize in Leadership and Management. For the entire piece click here.