By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

Your #1 guide to start a business and grow it the right way…

BuckheadFunds

  • Home
  • Startups
  • Start A Business
    • Business Plans
    • Branding
    • Business Ideas
    • Business Models
    • Fundraising
  • Growing a Business
  • Funding
  • More
    • Tax Preparation
    • Leadership
    • Marketing
Subscribe
Aa
BuckheadFundsBuckheadFunds
  • Startups
  • Start A Business
  • Growing a Business
  • Funding
  • Leadership
  • Marketing
  • Tax Preparation
Search
  • Home
  • Startups
  • Start A Business
    • Business Plans
    • Branding
    • Business Ideas
    • Business Models
    • Fundraising
  • Growing a Business
  • Funding
  • More
    • Tax Preparation
    • Leadership
    • Marketing
Made by ThemeRuby using the Foxiz theme Powered by WordPress
BuckheadFunds > Leadership > Struggle By GOP To Elect New Speaker Provides Key Succession Lessons

Struggle By GOP To Elect New Speaker Provides Key Succession Lessons

News Room By News Room October 23, 2023 5 Min Read
Share

The credibility, image, and reputation of organizations and the people who run them can be at stake when they can’t immediately replace leaders who leave unexpectedly.

The Republican-led House of Representatives is a case in point.

A recent CNN poll found 74% of Americans disapprove of Republican leaders in Congress amid the battle for Speaker of the House, The Hill reported. This was increase from the 67% who disapproved of how GOP leaders conducted their jobs in January. Fifty-two percent said they have a negative view of the Republican Party overall, which was an increase from 45% in January, according to the news outlet.

Rudderless

The legislative branch of government has been rudderless for more almost three weeks, and there is no guarantee that things will get better anytime soon.

But unlike leadership vacuums in the corporate world, a continued failure by the GOP to elect a Speaker to replace Rep. Kevin McCarthy (R-California) who was ousted earlier this month has had ripple effects on critical domestic, international, and national security issues.

The ongoing political drama in Washington is providing corporate boards of directors around the world with real-time lessons about the importance of succession planning—and what can happen when worst-case leadership failures become reality and turn into a full-blown crisis.

Failure Factors

“What we are seeing with the House Speaker is an absence of succession planning followed by a lack of alignment on values and goals,” Joe Judge, a leadership expert and co-author of Leadership Is Overcoming the Natural: 52 Maxims To Move Beyond Instinct, said via email.

The power struggle now on display on the Republican side of the aisle is “an ugly display of ego. It’s really about a splintered dream and [political] party, and not aligning behind a single purpose or strategy. Without that alignment, anyone who takes the position is destined to fail,” he warned.

Keys To Success

Development

“The key to any succession planning is developing others to be ready. Not simply identifying a sole replacement…but developing the skills, behaviors, competencies in others to allow choices when a succession opportunity occurs,” D. Kevin Berchelman, an executive and leadership coach at Triangle Performance, said via email.

Timing

“Succession planning occurs before the need,” he noted. “If you find yourself, either corporate or political, scurrying for a candidate to fill an immediate need, that’s not succession planning. Succession, by definition, is proactive. Replacement is reactive. In crisis appointments, we usually make unforced errors in compromising and watering down essential needs to make the fit.

“Seldom do ;best choices’ emerge from that environment,” he concluded.

The Importance Of Deep Leadership Benches

Unlike Congress, it is unlikley that a sudden vacancy at the top of a corporate organization chart would create a free-for-all popularity contest to fill the void.

Depending on the size, nature, and age of a company, businesses may have already groomed second- tier leaders such as vice presidents or division heads, to assume the leadership mantle.

Only 12% of companies report confidence in the strength of their bench, according to DDI’s 2023 Global Leadership Forecast Report. That’s hardly an improvement over 2021, which showed only 11% had confidence in their bench of leaders.

If board of directors have not already taken steps to groom or identify future their future leaders, then the current chaos in the House of Representatives is an important reminder why they should.

Crisis Management Planning

Companies and organizations should not leave succession planning to chance. But they should account for sudden vacuums in leadership in their crisis management and crisis communication plans.

Read the full article here

News Room October 23, 2023 October 23, 2023
Share This Article
Facebook Twitter Copy Link Print
Previous Article How Cloud Monetization Drives Digital Transformation
Next Article Why Now Is The Perfect Time To Dive Into Franchising
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Wake up with our popular morning roundup of the day's top startup and business stories

Stay Updated

Get the latest headlines, discounts for the military community, and guides to maximizing your benefits
Subscribe

Top Picks

The PR Playbook Every Startup Needs — But No One Talks About
July 15, 2025
6 Ways to Start a Corporate Social Responsibility Program With Real Impact
July 15, 2025
‘People Are Going to Die’: A Malnutrition Crisis Looms in the Wake of USAID Cuts
July 15, 2025
How Young People Earn 5 Figures Without a 9-5 Job: Report
July 15, 2025
Coworking with Scott Morris
July 15, 2025

You Might Also Like

6 Ways to Start a Corporate Social Responsibility Program With Real Impact

Leadership

Why Waiting for Monthly Financial Reports Is Creating Blind Spots and Slowing Your Growth

Leadership

Only 20% of People Trust Leadership But There’s a Way to Fix That, According to Gallup’s Chief Scientist

Leadership

Comedian Mary Lynn Rajskub on Risk-Taking

Leadership

© 2024 BuckheadFunds. All Rights Reserved.

Helpful Links

  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

Resources

  • Start A Business
  • Funding
  • Growing a Business
  • Leadership
  • Marketing

Popuplar

Franchise Success Starts at The Local Level — Here’s Why
Why Waiting for Monthly Financial Reports Is Creating Blind Spots and Slowing Your Growth
Tornado Cash Made Crypto Anonymous. Now One of Its Creators Faces Trial

We provide daily business and startup news, benefits information, and how to grow your small business, follow us now to get the news that matters to you.

Welcome Back!

Sign in to your account

Lost your password?