Everyone in the corporate world knows how important a CEO is. A CEO can make a weak company strong and a good company great. Conversely, a bad CEO can do harm that may take years to correct or even destroy a company. Although corporate board members know all this, few boards adequately develop future leaders or prepare for CEO succession. They ignore this vital task until dire need confronts them. Then, one day, the CEO quits, becomes ill, dies or must be removed. Board members are bereft and bewildered, wondering how to find a suitable replacement. Respected consultant Ram Charan offers an alternative scenario: the “Apprenticeship Model.” General Electric, Colgate-Palmolive and other well-known firms have found that this proactive development plan works for them. getAbstract recommends this stellar book on leadership training and CEO succession planning as a must read for anyone who is – or should be – involved in grooming, training or selecting future CEOs.
In this summary, you will learn
- What makes up the “Apprenticeship Model”; and
- Why and how it works for leadership development and CEO succession.
About the Author
Ram Charan is a consultant and speaker. He also wrote Know-How, Boards that Deliver and Execution. He teaches at the Harvard Business School where he earned his M.B.A. and doctorate.