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The extensive literature on executive succession gives only scant attention to the actual process of succession. To better understand the dynamics of the succession process, the analogy of a relay race is suggested, where success is influenced by four factors: sequence, timing, baton-passing technique, and communication. These four factors are used as a framework for a longitudinal examination of a failed executive succession in a small, family-owned manufacturing firm. In-depth examination of the attempted succession showed that the four themes are helpful in working toward the development of a general theory of executive succession. |
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