The Fred Factor

As a turnaround specialist, Dr. Rick Johnson ( has worked with a number of companies that would be considered losers. He observed the problems in those companies were generally at the top of the organizational chart, not in the middle or at the bottom. In most cases, companies losing market share, customers and money were also suffering from poor leadership. In contrast, Dr. Johnson noted, “winning organizations have a knack for leadership development throughout” the company. Succession becomes more than just the eventual transfer of ownership.” Strong companies understand that succession occurs throughout the company, not just

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