• The Rising Leader: Strategies for Successful Executive Transitions with Navid Nazemian

  • Jul 31 2024
  • Duración: 35 m
  • Podcast

The Rising Leader: Strategies for Successful Executive Transitions with Navid Nazemian

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  • In this episode, I'm joined by Navid Nazemian, an expert in executive transitions and author of "Mastering Executive Transitions, the Definitive Guide." We dive deep into the challenges executives face when transitioning into new roles and the strategies they can employ to ensure success. With a staggering 40% failure rate within the first 18 months, it's clear that executive transitions require careful planning and support.Navid Nazemian brings a wealth of experience to the conversation, having coached over 100 C-level clients worldwide. His expertise is grounded in research and his extensive coaching background, making him a sought-after authority on the subject. In addition to his book, Navid offers a 14-question quiz and a 31-page workbook on his website, providing practical tools for executives and their coaches to navigate transitions effectively."Working with a qualified transition coach can de-risk executive transitions by about 50% or more and accelerate the time it takes for an executive to start paying dividends on the investment made in them." - Navid NazemianToday on The Rising Leader:· The cost of transition failures at the top level is estimated to be 20 to 30 times an executive's annual salary, with potential ripple effects and significant financial impact on organizations.· External appointments into executive roles are slightly riskier than internal appointments. Studies show that external appointments are 43-47% likely to fail, compared to 34-37% for internal appointments.· Organizations often provide support to externally appointed executives but may fail to do the same for internally appointed executives, despite the unique challenges they may face.· The topic of successfully transitioning out of an executive role, particularly in the last 90 days, is highly unexplored, which is why Navid dedicated an entire chapter to it in his book.· It's valuable to be mindful and structured about the first twelve to eighteen months in a role, as the successor can benefit from these conversations.· The "double diamond executive transition framework" applies not only to CEO transitions but also to departmental leadership transitions, and is based on real-life experiences.· Leadership and people skills are critical for high achievers transitioning into major roles, as they may struggle to understand the impact on people's egos and security.· Tony Schwartz's concept of managing energy, not time, is discussed as a key strategy for leaders. Resources Mentioned:· Navid Nazemian's book: "Mastering Executive Transitions, the Definitive Guide"Connect with Navid Nazemian:· LinkedIn Website Grab Your Copy of The Rising Leader Handbook Do you find yourself rising through your company's ranks so fast that you wish you had a manual to become an effective leader? Then, The Rising Leader Handbook is right for you. In The Rising Leader Handbook, you’ll learn how to shift your perspective and gain the leadership skills you need, regardless of the breadth of your responsibilities, by leveraging the relationships you’ve built with the CEO, the Leadership Team, and the team you lead as well as your relationship with yourself.Visit The Rising Leader Handbook: Turning High Achievers into Effective Leaders to grab your copy and start mastering your skills to become your team leader. Leader, It’s Time to Rise! Thanks for tuning into this week’s episode of The Rising Leader Podcast. If you enjoyed this episode, please subscribe and leave a review wherever you get your podcasts. Apple Podcasts | TuneIn | GooglePlay | Stitcher | Spotify | Amazon Music | iHeart Radio Be sure to share your favorite episodes on social media to help me reach more listeners like you. Join me on Facebook, Twitter, YouTube, and LinkedIn. For more exclusive content and information, visit our website.
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