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What Companies Can Learn About Succession Planning from the Democratic Party's Nomination Switch

Author
This Week in Business
Published
Tue 06 Aug 2024
Episode Link
https://knowledge.wharton.upenn.edu/podcast/wharton-business-daily-podcast/what-companies-can-learn-about-succession-planning-from-the-democratic-partys-nomination-switch/

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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