Henning Piezunka, Wharton Associate Professor of Management, joins the show to discuss key takeaways companies could learn about succession planning from President Biden's decision to end his re-election campaign to endorse Vice President Harris as the Democratic Party's presidential nominee. He explains how a leader's performance could delay the search for a successor, why companies should choose an internal or external successor based on the company's performance or needs, and how inner circles can influence a succession plan. Hosted on Acast. See acast.com/privacy for more information.