CEO Hiring: Should You Look Within Or Seek A Fresh Perspective?

Stephanie Resnick was featured in the MainStreet article, "CEO Hiring: Should You Look Within or Seek a Fresh Perspective?" Full text can be found in the March 18, 2015, issue, but a synopsis is noted below.

When you're looking for talent who can take your company to the next level, should you promote someone from within or look for leaders outside the organization?

"The board needs to look at the candidates very carefully," says Resnick.

There are definite benefits to hiring someone who knows the company's nuances, the operating systems and key players. They can "dive right in" as opposed to having a significant learning curve, and existing staff may trust them more than they would an external hire, she says.