We have only a few months until September which has been officially booked by Apple to launch its iconic products, led by the iPhone lineup. I think if you are even a little bit interested in technology, you must already notice the buzz all over the internet and social media, filled with people’s predictions, guesses, early “confirmations” about Apple plans and leaks, a lot of leaks, from software updates to hardware wireframes. Yes, we love Apple but does it really love us back with such determination?

Okay, the figurative speech aside, there is a big group of people who don’t feel satisfied with what Apple does. Don’t get this wrong, they are still ready to pay more than a thousand dollars for a new iPhone, but the innovation they expect is coming very slowly, at least compared to Samsung, Apple’s biggest rival, which has already introduced its AI capabilities.

It’s important to consider the truth that Apple is not trying to impress with innovations but with safe and intuitive products, which require time to implement and then only pass to the customer. Meanwhile, someone is sitting in front of their Macbook and trying to play the latest game but gets more and more convinced that other PCs may perform way too well, for instance. So, let’s start with this part.

Let’s be real – Apple products excel in many areas, but hardcore gaming performance just isn’t one of their strong suits. I’m an Apple super-fan who loves their signature premium design and intuitive user experiences. But when it comes to running demanding game titles, even Apple’s top-tier hardware gets outpaced by custom gaming PCs.

If you wonder about the difference between Mac Vs. Windows gaming experiences, just look at the experience of playing a graphically intense open-world game like Cyberpunk 2077 on a maxed-out M1 Max MacBook Pro versus a high-end gaming device. While the $3,499 MacBook can handle the game at lower settings around 30 fps, a similarly priced $3,000 PC with an RTX 4090 GPU pumps out over 100 fps at ultra settings with raytracing enabled. You’re talking about the difference between choppy, compromised visuals and a completely immersive experience.

The reason is simple – gaming PCs are purpose-built systems optimized for these 3D workloads. They pack powerful discrete GPUs like Nvidia’s latest 40-series cards with up to 24GB of video memory, liquid cooling setups to sustain peak performance, and ultra-fast M.2 NVMe SSD storage to minimize load times. Apple’s all-in-one designs with integrated graphics simply can’t match that level of raw power.

I’m utterly obsessed with the Apple ecosystem, but there’s no denying Spotify’s streaming service seems to consistently out-innovate the music discovery experience versus Apple Music. While Apple has drastically improved their offering, Spotify’s cutting-edge data science and recommendation engines give them a decided advantage.

Take Spotify’s advanced ‘Audio AI’ features like their AI DJ or the all-new ‘AI Utterance’ voice models. These use machine learning to analyze your listening patterns, demographics, and taste profiles to craft incredibly personalized DJ commentary and seamless playlist transitions tailored just for you. It’s like having a knowledgeable music expert as your private curator.

By comparison, Apple Music’s recommendations still feel more rudimentary and standardized. Their approaches like grouping playlists by moods or genres just doesn’t achieve that hyper-personalized user experience Spotify nails so well.

The user numbers underline Spotify’s dominance too. As of Q3 2023, Spotify boasts over 236 million paying subscribers globally versus Apple Music’s estimated 93 million (as of 2024). That incredible scale means Spotify can ingest vastly more listening data to train their AI models. Industry data indicates Spotify tracks over 79 billion monthly plays across its platform versus Apple’s 35 billion.

So while both are excellent services, for music superfans craving that next-gen AI-curated experience, Spotify’s aggressive emphasis on personalization AI gives them the decided edge – at least for now.

We all saw that splashy Meta keynote video where Mark Zuckerberg threw unmistakable shade at Apple’s upcoming Vision Pro mixed reality headset. Calling the $3,499 device “expensive” while claiming Meta’s $1,499 Quest Pro offers a superior extended reality (XR) experience, Zuck was clearly attempting to get out in front of Apple’s invasion into his virtual territory.

In reality, both the Vision Pro and Quest Pro represent enormously expensive bets on an as-yet-unproven consumer XR market. While Meta enjoys a significant cost advantage thanks to their content-neutral, open ecosystem approach, Apple’s track record for premium industrial design and obsessive hardware optimization could give Vision Pro’s experience a serious edge.

Take the Vision Pro’s novel aluminum and curved glass design, for example. With an internal fan, vents, and over a dozen cameras and sensors, it represents a technical marvel of miniaturization and ergonomics – hallmarks of Apple’s renowned hardware chops. The Pro’s ultra high-res displays also output at a silky 120Hz refresh rate for life-like visual fidelity.

By contrast, Meta’s plastic Quest Pro headset looks comparatively toy-ish and low-rent, with LCD panels that max out at 90Hz and less than half the number of cameras. But as always with Apple products, that seamless user experience comes at a premium cost.

Telegram is implementing a new paywall feature for content creators, allowing them to place photos and videos behind a price tag. Snaps, Telegram, snaps!

There’s more than just getting that bag for creators, though. Telegram also announced the mini app bar, with users now able to collapse mini apps into a bar at the bottom of the screen. With this, you’ll be able to respond to messages or open other mini apps, then return to a mini app without waiting for it to load again. Extremely handy.

You can view how the paywall feature works in the short video below.

Other new features for the June update (yes, June) includes the ability to search through stories based on hashtags and location, plus a new Link Widget option for stories.

There’s a bunch of goodies in there. If you use Telegram for more than messaging, I recommend you check out the full blog post by following the link below.

// Telegram

Nintendo of Canada and Boston Pizza are partnering up again for a slew of video game centric promotions.

The strangest element of this crossover will only happen at select Boston Pizza locations in Ontario, B.C., Manitoba, Alberta and Quebec. On Sundays in September, some of these stores will allow patrons to order a Nintendo Switch from the menu that they can use while in the restaurant. The Boston Pizza press release doesn’t mention anything beyond the fact that this console will come pre-loaded with Mario games. I’d expect Mario Kart, Mario Party and maybe the new Super Mario Bros. Wonder.

At all Boston Pizza locations, there will be a new kids menu item featuring a pepperoni and mushroom pizza to celebrate Mario and the Mushroom Kingdom. Some locations will also have a draw that people can enter to win a Switch prize pack or some Nintendo merch.

Distributed also on: Boston Pizza

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For a limited time, the iPhone 13 mini will be available for $499 at Walmart Canada — an $860 drop from its regular $1,359 price tag.

While the phone is a little under three years old, this is still a pretty low-cost way to get an unlocked and relatively modern iPhone. (At least it’s not considered “vintage” like 2017’s iPhone X!) Note that the deal only applies to the 512GB model and it’s exclusive to Walmart.ca.

The deal is part of Walmart Canada’s ‘Big Save’ promotion, which runs from July 4th to 10th. Other notable tech deals include:

Walmart’s full ‘Big Save’ flyer can be found here.

Via: RedFlagDeals — 22GDealdone

MobileSyrup may earn a commission from purchases made via our links, which helps fund the journalism we provide free on our website. These links do not influence our editorial content. Support us here.

Stock trading, from a long time now, has always been considered as one of the most complex and perhaps risky endeavors that are far better left to the large brokerage houses or… the moneyed people of the nation. This is true to an extent, but the world of digitization has opened a new way where equality is given in terms where everyone starts their financial freedom.

In today’s world, where one can decide to work remotely too, one can choose from thousands of applications and websites that provide ‘mainstream’ tools that help anyone who wants – a beginner or a large investor – make money properly, with appropriate knowledge, planning, and support from experts.

Let’s take a look at the top collaborative investment applications and websites, including their distinctive features, capabilities, and potential for both rookie and seasoned investors.

And if you’re seeking a structured pathway to unraveling the world of investments, look no further than Quantum AI website. This website is dedicated to bridging the gap between eager learners and investment education, without indulging in direct investing advice. Its primary goal is to connect those interested in investing with educational institutions that can lead them through their learning experience!

Now, on to the list!

1. Fidelity

Fidelity offers hundreds of stock, mutual fund, ETFs, bond selections and other investments; the favorite of customers due to an easy to navigate Website and many tools, including 15 calculators and real-time quotes. Another feature of Fidelity is the possibility to choose between many managed and self-managed medical expense accounts variable and fixed, recommended for investors independently or by the company on the basis of suitable for novices and experienced investors.

Although it also has many other enticing offers that are exclusively for its consumers, that particular company specifically specializes in the digital estate plan that assists in the protection and passing on of wealth to your loved ones. Besides, the trading commission which was not observed in the platform ensure the individual of another source through which they can make maximum profits The team of professional traders in the respective areas of stock trading also helps the individual in acquiring adequate knowledge on how to succeed in stock trading businesses from the teaming professional traders in the relevant fields of stock trading.

2. Robinhood

Robinhood has grown into a phenomenon in the realm of investment, reshaping upon its entrance the concept of wealth creation for millions of Americans. Since its aim is to bring Accessibility in the conventional investment, this app has erased the hoods in the nature common with monstrously expensive apps, where users can invest with as much as one dollar.

Because of the two funds’ collaborative design, users have access to more than 1,700 stocks researched extensively for easier decision making based on retrieved data and analyses. Besides, the opportunity to invest in cryptocurrencies also falls within the app’s framework, which opens the door to the vast world of digital assets in your investment arsenal.

3. Invstr

Should you be experiencing minimal capital investment for the first time or if you are new in investment, Invstr is that suitable investment app to mentor you. Through the user-friendly design and no-commission purchases, this tool eliminates the scary stuff, letting you try the possibilities without investing a lot of money.

The customized portfolios on Invstr are easy to create and constructed with the support of in-built professional advisers for one’s individual goals and level of risk. Whether you are targeting to trade U. S. stocks and ETFs or exploring to try fractional shares and cryptocurrencies, with Invstr you are going to enjoy your investing experience and witness your portfolios’ performance.

4. Betterment

If moving towards a collaborative investment app user environment is the way to go, then Betterment should be regarded as a pioneer of such an interface, featuring an utterly convenient investment solution enhanced by modern technologies. Betterment is well-known as one of the biggest percentiles of robo-advisors and controls your funds very efficiently, adjusting them for your level of risk and preferences in receiving income.

If you want to invest in climate change and socially responsible investments then you might want to give Betterment a shot. In representing the company’s and your ethical standpoint, it is good for both you and the potential generations as it contributes to the formation of a sustainable environment. Betterment currently provides a strong offering in cash management, combined with specialized features for goal setting; overall, this enables you to have a professionally-managed portfolio at a low cost.

5. Acorns

Acorns savings application has perfectly positioned itself as one of the most popular ones for a reason. This simplicity-free solution relieves the rather cumbersome process of saving and investing from the burden of being complicated; through this platform, users can automate the process of investment, do dividend reinvestment, meaning that, from this platform, you can be assured of your wealth increasing, through investments, consistently. 

They also provide round-up investment functionality where Acorns rounds up users’ purchases to the nearest dollar and invests the additional change into a portfolio of ETFs. What sets it apart from other more traditional types of investment is that this method is highly integrated into what you are already doing in your daily life and there is no initial hefty capital required. Also, Acorns has offered specific investment plans for the family where you can open an investment account for your children/ Stock-Back® for debit products to make sure that the whole family is on the right track to accumulating wealth.

6. Charles Schwab

This is an investment app that offers financial advice for mutual funds to new, moderate, and advance-level investors. It is most notable for their extensive database of research and education materials; they provide a wealth of actionable information for people wishing to improve their financial literacy on finance and investing.

With regards to the criteria that value different approaches to commission- and fee-based trading services, US low-cost brokerage firm Charles Schwab still provides such options as fractional shares as well as commission-free trading for stocks and ETFs that enables investors to invest every single dollar that he or she earned into the securities of one’s’ preference. Moreover, the account has a feature whereby the clients are offered a cash bonus on behalf of the platform provided that a certain minimum amount is funded on the account: an added incentive for anyone who wishes to commence their investment.

7. J.P. Morgan Self-Directed Investing

For those who are searching for the no-frills, yet quite satisfactory brokerage firm, the J. P. Morgan is a suitable choice. This investment platform is for users to invest with other people and in addition it offers a multitude of Morningstar and CFRA research tools and other researching materials.

With equal efficacy, Self-Directed Investing Portfolio Builder effectively contributes to construction of a powerful and efficient portfolio with no impediment. The no-commission model, the convenient opportunity to link all the Chase accounts enhancing spending and saving experience like the mentioned by W. L. Silvester option contributes to the demand for this service. Hence, both the new investors and the experienced ones may get benefits with the offers that J. P. Morgan Self-Directed Investing offers its consumers.

8. M1 Finance

M1 Finance is a feature-rich money management software that appeals to both self-directed traders and those looking for automated investing solutions. It offers a wide range of services. From fractional shares and commission-free trading in stocks, ETFs, and cryptocurrencies, to user-friendly interfaces and expert-designed portfolios, M1 Finance has something for every investor.

One of the standout features of this collaborative investment platform is its ability to balance multiple financial needs. Whether you’re seeking hands-on trading experience or prefer to let the experts handle the heavy lifting, M1 Finance provides a seamless solution. With low minimum deposit requirements and no extra fees for standard accounts, this platform empowers you to take control of your financial future without breaking the bank.

9. Ellevest 

While Ellevest started with the mission of closing the gender gap in investing, it has since evolved into a platform that welcomes and empowers individuals of all backgrounds, including non-binary and gender non-conforming individuals. This collaborative investment app is a true game-changer for those seeking personalized plans for individual investment and retirement accounts. 

With automated IRA and 401(k)/403(b) rollovers, as well as one-on-one sessions with certified financial planners, Ellevest offers a comprehensive suite of services tailored to your unique needs. Furthermore, the personalized suggestions provided by the platform, which are derived from longevity data and gender-specific wage curves, guarantee that your investments are geared towards long-term financial security and growth.

Conclusion

In the ever-evolving world of investing, the best collaborative apps and websites have emerged as game-changers, democratizing access to wealth-building opportunities and fostering a supportive community of investors. From user-friendly interfaces and comprehensive educational resources to advanced trading tools and real-time market insights, these platforms cater to the diverse needs of investors at every level.

Whether you’re a seasoned investor seeking advanced trading tools or a newcomer looking to dip your toes into the waters, the collaborative investment landscape offers a wealth of opportunities to grow your wealth, learn from others, and stay ahead of the curve.

So, embrace the power of collaboration, engage with like-minded individuals, and let these best collaborative investment apps and websites be your trusted companions on the path to financial freedom.

As a part of the Samsung reserve system for the upcoming Galaxy Z Fold 6, Samsung is informing some customers of the total savings they’ll receive once pre-orders open. They initially gave us a vague $1,500+ number, but emails telling folks to “Reserve now. Save later.” have broken out the exact savings from each area.

In our initial write-up of the $1,500 number, we guessed that Samsung would give you at least $1,000 for trades and up to$150 as a value for a double-storage promo. As it turns out, Samsung is going higher on both numbers.

Here’s the breakdown of that full $1,500+ number that gets you the best Galaxy Z Fold 6 pre-order deal.

$1,200 TRADES FOR GALAXY FOLD 6: An email from Samsung suggests you could get up to $1,200 with an eligible trade-in for pre-ordering a Galaxy Z Fold 6. While we don’t know for sure, the likelihood of the Galaxy Z Fold 5 and the Galaxy S24 Ultra being the only devices to fetch that number are pretty high. There is a chance others will get you there, though. For Fold 5 pre-orders, Samsung offered a full trade-in price for several devices.

$240 DOUBLE STORAGE FREEBIE: Samsung is also going to double storage for you and that is apparently valued at $240. Does that mean a bump from 512GB to 1TB? Typically a bump from 256GB to 512GB is not worth $240 and typically only costs anywhere from $100 to $150. We’ll watch the storage options closely, but this could be a really big value add.

FREE SAMSUNG CARE+: As an added bonus ($156 value), Samsung might toss in Samsung Care+ for 12 months, which means more protection for your foldable device. Care+ offers you unlimited repairs, same-day cracked screens for $29, coverage for theft and loss, access to 24/7 support, and more. This could be a sneaky good service to have that most of us would rather not have to pay for.

Of course, all of this starts with a reservation, where Samsung is giving you $50 for sharing your name and email.

Samsung Reserve Link

I found myself needing to stop at a local mall. And I didn’t expect to hear someone shouting in such a hostile manner.

I heard the awful words and felt the sting in them before I even rounded the corner. When I turned to see what was happening, and saw her crying, I wasn’t sure what to do or say. Before I could react, she muttered to herself. Straining to hear, I picked up on the fact that she was repeating those awful words to herself.

I thought….“You are not those words. I don’t even know you, but I can see that it’s not true. Don’t give him your power.”

She somehow managed a smile before her friend showed up a moment later, and they embraced as she broke down again. Once I could tell she was in great hands, I was able to continue with my day.

One of Eleanor Roosevelt’s famous quotes is “No one can make you feel inferior without your consent.” Sounds easy, but…it isn’t, especially in the moment.

In these simple words, she conveyed a profound truth about personal power, resilience, and self-confidence.

This tells us that the power to influence our feelings and self-perception resides within us, not in the words of others. It means that we control the narrative about our worth, value, and abilities. When we give others the authority to make us feel less than, we surrender our personal power.

So, what should we do when someone tries to make us feel inferior? Here’s a roadmap to build confidence, cultivate resilience, and reclaim personal power:

Understand your triggers: Identify situations or comments that make you feel inferior. Understanding these triggers can help you better prepare and react to them.

Remember: Triggers are not a sign of weakness; they are a part of being human. Awareness of them is the first step towards control.

2. Foster a Positive Self-Image

Embrace your strengths: Recognize your unique abilities and the areas where you can improve. Having a balanced perspective on your abilities fosters self-esteem.

Remember: You are a work-in-progress, and it’s perfectly okay. Embracing your weaknesses as areas for growth will make you unstoppable.

3. Develop Emotional Intelligence

Control your reaction: When someone tries to belittle you, remember you have the power to control your emotional response.

Remember: Not every negative comment deserves your energy. Be selective with your emotional investments.

4. Set Personal Boundaries

Communicate your limits: It’s important to let people know what is and isn’t acceptable behavior towards you.

Remember: Setting boundaries is a sign of self-respect. You are teaching others how you want to be treated.

5. Practice Self-Affirmation

Boost your confidence with positive affirmations: Remind yourself daily of your worth, capabilities, and achievements.

Remember: Positive self-talk can change your outlook on life. Make it a daily ritual.

6. Surround Yourself with Positive Influences

Choose your company wisely: Surround yourself with people who inspire, encourage, and respect you.

Remember: You are the average of the five people you spend the most time with.

7. Seek Professional Help When Necessary

Reach out to a professional if feelings of inferiority persist: There’s no shame in seeking help from psychologists or coaches to help you navigate your feelings and develop coping strategies.

Remember: Seeking help is not a sign of weakness, but rather a testament to your strength and commitment to personal growth.

Do not let anyone undermine your worth or potential. Instead, embrace the powerful words of Eleanor Roosevelt, and realize that no one can make you feel inferior without your consent.

Image Credit: Alex Shute

]]> https://megawin365.me/7-way-to-build-confidence-and-cultivate-resilience/feed/ 0 https://megawin365.me/achieving-revenue-goals-the-n2growth-approach-to-cro-search/ https://megawin365.me/achieving-revenue-goals-the-n2growth-approach-to-cro-search/#respond Thu, 04 Jul 2024 10:14:36 +0000 https://megawin365.me/?p=72367 Understanding the Importance of CRO in Revenue Growth

In today’s fast-paced business world, the Chief Revenue Officer (CRO) role has become essential for achieving corporate objectives. Chief Revenue Officers are crucial in driving business growth through their oversight of revenue-generating departments and their ability to navigate a constantly changing business landscape. In a global marketplace where customer preferences, market trends, and competitive dynamics continuously evolve, a skilled CRO can serve as an organization’s guiding light, steering the ship toward new and unexplored growth areas. They are vital in identifying untapped revenue opportunities, optimizing existing revenue streams, and ensuring consistent growth in a fiercely competitive market.

Strategies for Identifying Qualified CRO Candidates

Finding qualified Chief Revenue Officers (CROs) involves much more than scanning job boards and mining LinkedIn for potential candidates. Identifying distinguished CRO candidates is, without a doubt, a top priority for any corporation seeking exponential business growth. A strategic yet comprehensive approach becomes key in distinguishing qualified candidates, considering various aspects of their professional portfolio, including, but not limited to, their leadership skills, prior experience, and overall business acumen. Given the significant impact that Chief Revenue Officers have on company revenue, assessing a candidate’s potential contribution to business growth is important. This requires a strong combination of tactical and strategic abilities. While leadership skills are important, they are not sufficient on their own. Exceptional CROs should easily navigate company culture and inspire their teams toward achieving set targets.

The Role of Leadership Development in CRO Success

Leadership development is integral in harnessing the full potential of the CRO. Leadership drives the decisions and influences the strategies that contribute to the successful implementation of CRO. Leaders who grasp the concept of revenue and its implications for business growth are better equipped to make informed decisions, foster innovative thinking, and navigate the ever-evolving digital landscape. They set the bar for an organization’s strategic approach by integrating cutting-edge tools, promoting teamwork, and nurturing a culture that values data-driven decision-making. Through leadership development, an organization can cultivate and grow new leaders who understand these intricacies and can effectively leverage them to transform business operations. The interplay between leadership and CRO requires investment in training, mentoring programs, and hands-on experience to reinforce effective decision-making processes. Businesses prioritizing developing their leadership, particularly regarding revenue and growth, will be a powerful force capable of driving innovation and achieving outstanding results.

N2Growth’s Unique Approach to CRO Recruitment

Effective CRO recruitment is a powerful differentiator in a market where competition intensifies. What sets N2Growth apart is the comprehensive, data-driven, and personalized nature of its recruitment strategy for Chief Revenue Officers. The methodology is grounded in a deep understanding of CRO roles and assets and astute identification of areas for growth. An insightful and direct assessment identifies individual CRO strengths and weaknesses, establishing a solid foundation for developing a personalized training program that effectively addresses specific needs. Recruitment goes beyond general leadership and revenue generation qualifications, delving into the essential and finer aspects crucial to a CRO’s role. This includes nuanced topics on evaluating forecasting accuracy, deal strategy formulation, and client engagement. Focusing on practical experiences and theoretical guidance enables CROs to apply learning in real-world contexts and directly observe outcomes. Assimilating and validating new skills contributes to more effective and rapid adoption of practices to drive revenue growth.

Long-term Benefits of N2Growth’s CRO Search Strategy

Adopting N2Growth’s Chief Revenue Officer (CRO) search strategy can yield multiple long-term benefits for firms striving to achieve sustainable business growth. This comprehensive approach focuses on identifying suitable candidates with the necessary skills and experience while also assessing their ability to embody the organization’s core values and positively contribute to the company culture. By prioritizing cultural fit and leadership qualities, companies can increase the chances of retaining their CROs long-term, reducing turnover, and facilitating continuity in the strategic revenue generation process.

Additionally, emphasizing the importance of assessing CROs for the necessary knowledge and tools for success, the N2Growth assessment methodology strongly focuses on validating their learning and development through comprehensive psychometrics and 1:1 debriefs with our coaches. Prospective CROs are evaluated for data and metrics essential for dynamically devising, implementing, and adjusting revenue growth strategies in response to evolving market conditions. This approach not only ensures the right executive placement but also encourages CROs to stay at the forefront of industry developments, ensuring continual business growth and resilience against market downturns in the long run.

It’s a truism in the sports world that coaches are “hired to be fired.” Every manager goes into the job knowing that their tenures likely won’t be very long. The adage doesn’t generally apply to association leaders; you’re not asked to deliver trophies, and CEO tenures tend to run longer than those of corporate execs (and a lot of NFL coaches). That dynamic might be changing, though. According to a new report from the consulting firm Heidrick & Struggles, association CEOs should expect their stints to shorten in coming years.

“The average tenure of a corporate CEO is 7.4 years, and we expect to start to see similar tenures in associations,” says the report. “We believe today’s association CEO needs a very different mix of leadership skills as well as very high resilience and agility to keep pace.”

The core of the article emphasizes the importance of succession planning as part of that mix, and suggests that more associations are doing it. According to the firm’s own research, more than half of associations have started a succession planning process early—either immediately after a new CEO’s arrival, or more than five years out from their expected departure.

That’s good news: As Heart Rhythm Society CEO Pat Blake notes in the article, “succession planning is a form of risk management.” But that approach means that, like every other risk management policy, there needs to be a considered process around it.

The board’s charge is to find a successor who will best perpetuate the association’s culture.

That can get complicated with succession planning. How will the process handle internal and external candidates? What role, if any, will the current CEO play in choosing a successor? What skill sets should the hiring committee be looking at? (The unkillable association-pro vs. industry-expert debate comes into play here.) How much advance planning can you do when economic, social, and industry factors keep changing?

One way to simplify all of these concerns, the report suggests, is to ask a more basic question: What is the culture of your organization? Identifying that big question makes addressing those specific questions more straightforward. As Blake says, the board’s charge is to find “a successor who will best perpetuate the culture. This could be an internal candidate, as that person will already know the culture.”

But not necessarily, so the most effective process will likely be a combination of laying down some clear bedrock principles while also building a plan to support potential internal candidates. Good professional development programs bolster your best people, and provides some reassurance that the organization will have some support during a transition. Or even just a reputation as a place that develops good leaders. As one executive says in the article: “The role of a leader is to help your staff develop the skills that can be transferred elsewhere if there aren’t any openings within your organization.”

But even if you get a grip on your internal culture and invest deeply on professional development, succession planning still requires regular attention. The National Marine Manufacturers Association, for instance, looks at its succession plan annually, factoring in compensation, professional development plans, and reorganization of senior roles. 

It’s an uncomfortable conversation, to be sure. A leader’s job is to project stability at the top, and a succession plan, by definition, acknowledges that who’s on top can change. But it also communicates to members, staff, and other stakeholders that they have the organization’s best interests at heart, and those of the people beyond the corner office.

The post Why CEO Succession Planning Matters More Now appeared first on Associations Now.