Online learning
fromEntrepreneur
2 days agoThe Blind Spot That Makes Companies Repeat Costly Mistakes
Companies often fail to capture decision-making reasoning, leading to repeated mistakes and lost learning when leadership changes occur.
Toby Arquette, vice president for strategic growth, marketing and digital transformation at St. Ambrose University in Iowa, will become president of Columbia College, headquartered in Missouri, starting March 1. Matt Baker, vice president of student affairs at Northwest Missouri State University, has been named president of Emporia State University in Kansas, effective March 2. Scott Beardsley, dean of the University of Virginia Darden School of Business, has been named president of the university, effective Jan. 1.
Leadership transitions are pivotal moments. A CEO's first 100 days in a role are exhaustively studied; the last 100 days far less so, despite the steep costs of poor exits and the compounding benefits of good ones. For organizations, mishandled transitions can erode shareholder value, destabilize strategy, and undermine trust. For individuals, they can unsettle identity, strain relationships, and tarnish reputations.
These numbers reflect the critical need for effective support during leadership transitions. If this sounds familiar, here's how leaders can coach someone up to replace them. COACH THEIR MINDSET AND NOT JUST THEIR SKILL SET When we hand off a role, we often default to knowledge transfer. We overemphasize tools, systems, and processes. But that is not where most leaders struggle. The deeper fear for most new leaders is internal: Will I ever be as good as you?