What to keep in mind when picking a new CEO

Corporate boards often select CEOs based on past accomplishments, but this approach can overlook how candidates would handle current and future challenges, Harvard Business Review writes. 

Senior-level interviews typically offer only surface-level insights and make side-by-side comparisons difficult, leadership advisor Anand Joshi contends. To improve decision-making, boards should ask candidates to develop detailed growth plans, offering a clearer view of their strategic thinking. 

A growth plan pushes executives to reflect on the company’s needs first before applying their own talents, while generating useful information for C-suite appointment committees. By putting the growth plan on paper, committees can create some accountability on what actually happens after the promotion or hire.

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