Disruptive forces–inflation, political instability, changing demographics, and rapidly evolving technologies– are making it more difficult than ever for businesses to effectively overcome new challenges, meet soaring expectations, and deliver results. In this environment, it is critical for organizations to quickly identify and develop their next generation of leaders–and it’s even more important for them to get their succession plans right. According to analysis by Harvard Business Review, poorly managed C-suite transitions cost S&P 1500 businesses close to $1 trillion a year.

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