The Dynamics of Management Succession
- 1 January 1978
- journal article
- review article
- Published by Emerald Publishing in Management Decision
- Vol. 16 (1) , 32-42
- https://doi.org/10.1108/eb001150
Abstract
The succession of the chief executive of any organisation is a critical event. In 1971 a study revealed that in the UK, management succession was almost equal to financial failure as the major cause of firms ceasing to exist as independent organisations. Dun and Bradstreet calculated that in the USA, 45% of all business failures are caused through the appointment of incompetent managers to chief executive positions.Keywords
This publication has 1 reference indexed in Scilit:
- Managerial Development in the Small FirmCalifornia Management Review, 1974