Passing the Baton

Have you ever made the decision to bring someone into your company in an executive leadership role or promoted someone within in your organization only to be dismayed that they failed miserably? If so, you are not alone. In fact, research suggests that regardless of the time and effort that went into that decision, the failure rate for “external” hires is high in the first two years, ranging from 40% to 60%. Internal promotions face similar odds.