Why Smart People Make Dumb Choices of Leaders

“By and large, family companies lack systems of selection that reduce bias and political intrigue. The choice of a successor will probably be the most important decision you’ll ever make. Too much is at stake to take risks. The approach of a leadership transition for any organization is fraught with uncertainties and tension. Only a systematic selection process can assure all stakeholders that the choice has been as rigorous and impartial as possible. “

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