THE RIGHT LEADER
One of the costliest problems any organization can face is a failed executive transition. When a new top executive doesn′t fulfill the expectations of the board or owners who chose them, it costs companies a bundle in terms of severance packages, replacement costs, lost market capitalization, stock price volatility, bad decision–making, organizational inefficiencies, and the loss of confidence that turnover often engenders.
Today′s excessively high rate of executive failure reliable surveys estimate that up to forty percent of all new leaders fail within eighteen months costs the business community dearly and proves the old executive hiring model is flawed. In The Right Leader, Nat Stoddard and Claire Wyckoff present a revolutionary process for stemming the tide of executive turnover and making sure companies find the right fit in a leader.
This new model, the Match–Fit Model, fits the pieces of the selection puzzle together in an entirely new way. While the traditional selection process focuses almost exclusively on a candi–date′s abilities, it fails to account for the substance of the candidate′s character, particularly the values, beliefs, and personal philosophies that drive behavior. Nor does the traditional process effectively explain the hiring company′s real needs and, most importantly, the cultures through which results must be delivered.
The Match–Fit Model closes that gap with a modern examination of the way leaders relate to organizations and new, real–world selection criteria that the traditional model lacks. It gives anyone involved in executive selection the tools they need to determine whether and how well a candidate′s abilities, personality, energy, and character align with the company′s real needs and cultures.
For any business, finding the right leader is a matter of vital importance. Finally, there′s a proven, systematic method for selecting leaders that takes into account more than just their traits a way to measure and define their compatibility with the company′s cultures. If you want to match your company with a qualified leader who shares the values and understands the culture of your business, The Right Leader is the ultimate guide to a perfect hire.
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Preface: The Why′s and Wherefore′s Behind This Book.
Part One: The New Paradigm For Leadership Selection.
2. Design for a New Selection Model.
3. The Abilities Bucket.
4. The Personality and Energy Bucket.
5. The Character Bucket.
6. The Company′s Needs.
7. Corporate Culture.
Part Two: Fixing A Flawed Selection Process.
8. The New Hiring Process Hit My Smoke!
9. Changing the Way Candidates Are Vetted.
10. The Missing Links to Selecting the Right Leader.
11. The FAC Process at Work: The Case of SDI, Inc.
12. Putting It All Together A Recipe for Success.
Part Three: Conclusion.
13. Why Boards Should Care.
14. You′re Cleared in Hot .
Appendix A. Assessment Tools Matrix.
Appendix B. Cross–Cultural Virtues.
Appendix C. Book Figures.
NAT STODDARD is Chairman of Crenshaw Associates, a New York based consulting firm that special–izes in career and transition management for senior executives. He is the former CEO of a leading kitchen products manufacturer and former chairman, president, and CEO of GE′s Canadian appliance affiliate, Camco, Inc.
CLAIRE WYCKOFF is an accomplished writer and editor who has held several corporate and nonprofit executive positions that included the direction of three highly regarded business book initiatives. She currently serves on the faculty of NYU′s Center for Publishing.