Published: 12 October 2022
A successful executive transition requires knowing and managing enterprise stakeholders. Executive leaders should use this research to identify key internal and external stakeholders, prioritize stakeholder actions, and engage and nurture stakeholder relations to accelerate their transition.
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The most frequently encountered stakeholder management challenge for transitioning executive leaders is identifying the stakeholders who will be important to success — missing a key stakeholder or selecting the wrong stakeholder poses a potential performance risk.
The ability to prioritize time with important stakeholders is crucial for newly transitioned executive leaders and has a significant impact on their success.
Once the right stakeholders are identified and prioritized, the key is to keep them engaged and nurture the relationship for mutually beneficial outcomes.
For a successful transition, executive leadersshould:
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Human Resources Research Team