“Why do so many people reach success and then fail? One of the big reasons is, we think success is a one-way street. So we do everything that leads up to success, but then we get there. We figure we’ve made it, we sit back in our comfort zone, and we actually stop doing everything that made us successful. And it doesn’t take long to go downhill. And I can tell you this happens, because it happened to me.”
The Benefits of Internal Promotion vs. External Hiring for Executive Positions
Companies often face the critical decision of whether to promote from within or hire externally. Both approaches have their merits and drawbacks, and the best option will depend on factors such as company culture, the specific requirements of the position, and the...