What Companies Can Learn About Succession Planning from the Democratic Party's Nomination Switch
Wharton Management Professor discusses key succession planning lessons from President Biden's decision to end his re-election bid.
This Week in Business · Wharton Podcast Network
August 6, 202410m 3s
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Show Notes
Henning Piezunka, Wharton Associate Professor of Management, joins the show to discuss key takeaways companies could learn about succession planning from President Biden's decision to end his re-election campaign to endorse Vice President Harris as the Democratic Party's presidential nominee. He explains how a leader's performance could delay the search for a successor, why companies should choose an internal or external successor based on the company's performance or needs, and how inner circles can influence a succession plan.
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