Home Executive Suite Home? Maybe Not!

Job security in the executive suite may be more tenuous than ever. Failed transitions are at all-time high, costing companies millions in expenses and lost opportunities. According to the Center for Creative Leadership, 40% of senior executives put into new positions fail to meet expectations in the first 18 months, and half are gone within three years. Measures being taken to address the problem are largely ineffective. Why are so few companies taking proactive steps to reverse the trend, especially at a time when companies should be trying to get the most out of their talent and watch the bottom line?

Dr. Patricia Wheeler, Managing Partner of the Levin Group, a leadership development consultancy, helps smart people become better leaders. She has worked with senior leaders and their teams for 20 years as a leadership consultant and executive coach. We chatted about a market study she recently completed on the subject and how she works with organizations and individuals for successful outcomes. Edited excerpts of our conversation follow: