Heidrick & Struggles: Four Tips for Success in a New Executive Position

Renee Neri, a partner of Heidrick & Struggles' NY office, shares how to "Start Well and Stay" at a new executive level position with these four tips.

The first thing to consider is the amount of change that a transition will entail to help predict the likelihood of success or failure, by considering the extent to which these new roles differ. Seven dimensions merit particular attention:

• The type of company
• The scope of role
• The level of role
• Company culture
• Location
• Industry
• Function

Broadly speaking, if three of these areas differ from the executive’s previous role, the possibility for failure in the first 18 months can be as high as 50%. If five or more factors differ, the failure rate can be 80% or higher.

The key to a success executive level transition is careful attention to these four areas:

• Aligning with the culture
• Understanding the strategic area
• Establishing team and management practices
• Developing strong stakeholder relationships

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