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Related Experiment Videos

The successor's dilemma.

D Ciampa, M Watkins

    Harvard Business Review
    |February 8, 2000
    PubMed
    Summary
    This summary is machine-generated.

    Failed leadership transitions are common due to the successor's dilemma, a power struggle between CEOs and heirs. Successors must proactively manage this dynamic to secure their path to the top leadership role.

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    Area of Science:

    • Business Strategy
    • Organizational Psychology

    Background:

    • Leadership transitions frequently fail, leading to premature departures of designated successors.
    • The
    • successor's dilemma
    • is identified as a primary cause of these failed transitions.

    Purpose of the Study:

    • To analyze the psychological dynamics underlying the successor's dilemma in CEO transitions.
    • To identify strategies for successors to overcome challenges in leadership succession.

    Main Methods:

    • Analysis of anecdotal evidence from over 100 leadership transitions.
    • Research conducted by experienced executive counselors Dan Ciampa and Michael Watkins.

    Main Results:

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  • The successor's dilemma involves a power struggle rooted in the CEO's reluctance to cede control and the successor's need to prove themselves.
  • This psychological dynamic can impede a successor's progression to the CEO position.

    • Conclusions:

    • Successors can overcome the dilemma by assessing CEO readiness, maintaining communication, and building a support network.
    • The responsibility for resolving the successor's dilemma lies with the successor, as they have the most to lose.