Leadership change
Leadership change occurs when a company transitions to new executives or management teams. Activities include succession planning, recruitment, and onboarding. Key risks involve misalignment with company culture, loss of institutional knowledge, and potential disruption in decision-making. A solution is to ensure smooth knowledge transfer and include stakeholders in the process. According to news articles, Disney announced leadership changes with Bob Iger returning as CEO, aiming to stabilise the company’s strategy amid challenges in the streaming industry. Precise succession planning and maintaining a consistent vision have been crucial to minimising disruptions during this transition.