How long does it take to develop a successor?
The answer, of course, depends on their level of passion, intelligence, experience, business savvy, interpersonal skills and openness to change. It usually takes from 6 months to 2 years.
How do you choose between two potential successors?
Emotions can run high when choosing one person over another to develop as successor. The best way to choose the right person and explain your choice with the least amount of upset is to use an objective 360 assessment as the basis for your decision.
How much does the leadership team affect the value of a business?
Although there are a number of important factors that influence a company's value, research has shown that the strength of the leadership team impacts business value by as much as 15-20%. A 360 assessment of the leadership team is a good way to objectively establish its strength.