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What the Grateful Dead can teach CEOs about succession planning

I was at a concert when it occurred to me: The This is what effective succession looks like.

Allow me to explain. About seven years ago I attended a Dead & Company gig for the first time. The group, made up of former Grateful Dead musicians and new artists – including John Mayer – played at Shoreline Amphitheater, an outdoor venue not far from where I live in Silicon Valley. It was a warm July evening and I was there with my husband – a great evening without the kids and the worries of work. We were fascinated when Mayer and Bob Weir, one of the original members of the Grateful Dead, played together songs like… ripple And Sugareeboth of which were published before I was born.

By the way, I’m not a dead head. But I love music, and even before I went to my first Dead & Co show, I knew all about the legendary original band that formed in 1965 in Palo Alto, right in my backyard. Until that moment at Shoreline, however, I hadn’t realized how profound it was that Dead & Co, founded a full 50 years after its predecessor was born, had managed to appeal to the two veteran Dead Heads And a new, younger audience. This harmonious passing of the baton, which occurred posthumously (Jerry Garcia died in 1995), was a shining example of a process that many successful companies seem to fail to get right: succession.

I should know. As a partner at Egon Zehnder, one of the world’s leading executive consulting and recruiting firms, I have helped executives overcome their biggest challenges, with succession at the top of the list. It is difficult to know who will be the most influential leader to lead a company into the future, especially in a world with ever-changing dynamics. Over the years, I have tried to bring an anthropological perspective to my work by observing, listening, and learning about different corporate cultures. I have deepened my understanding of human psychology—from motivations to derailments to potential—in an effort to better align leaders with organizations. And I realized that this equation is even more complex when confronted with a deep-rooted culture shaped by an iconic founder, as is the case with many tech companies and creatively oriented organizations (including, as it turns out, bands). case is. Take Apple and Dell, for example, both of which tried outside CEOs in their earlier days – and failed. Even companies with deeply rooted start-up cultures in other industries have difficulty replacing their managers. Think Walmart, Starbucks and Under Armour.

The difficulty of this process is that a lot of ink was spilled and a lot of money was spent trying to get it right. Yet there are few standout examples of what success looks like. Effective blueprints are hard to come by.

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