Describe how succession planning for your own role

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Case: When the CEO of Microsoft unexpectedly resigned in 2013, the company discovered that succession planning for this executive position was lacking. Microsoft's search for a new CEO began with only external candidates. When that search was unsuccessful, they hired an internal candidate. Using your course resources and the article provided below (accessible via the AU Library), write short essay that addresses the questions below.

Fernandez-Araoz, C., Nagel, G., & Green, C. (2021). 

  1. According to your textbook, what are two advantages of hiring external candidates and two advantages of hiring internal candidates?
  2. Based on the article below, discuss the negative outcomes that can result from poor succession management practices, and explain how companies can improve their succession planning.
  3. Describe how succession planning for your own role and hiring an executive search firm might generate a conflict of interest.

Reference no: EM133337131

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