BusinessPostCorner.com
No Result
View All Result
Tuesday, June 16, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Struggle By GOP To Elect New Speaker Provides Key Succession Lessons

October 23, 2023
in Management
Reading Time: 3 mins read
A A
0
Struggle By GOP To Elect New Speaker Provides Key Succession Lessons
ShareShareShareShareShare

WASHINGTON, DC – OCTOBER 18: U.S. Rep. Jim Jordan (R-OH) (R) talks to Speaker Pro Tempore Rep. … [+] Patrick McHenry (R-NC) as the House of Representatives prepares to hold a vote on a new Speaker of the House at the U.S. Capitol on October 18, 2023 in Washington, DC. House Judiciary Committee Chairman Jim Jordan (R-OH) failed again on Wednesday in the most recent vote to become Speaker of the House. The House has been without an elected leader since Rep. Kevin McCarthy (R-CA) was ousted from the speakership on October 4 in a move led by a small group of conservative members of his own party. (Photo by Win McNamee/Getty Images)

Getty Images

The credibility, image, and reputation of organizations can be at stake when they can’t immediately replace leaders who leave unexpectedly.

The Republican-led House of Representatives is a case in point.

The legislative branch of government has been rudderless for more almost three weeks, and there is no guarantee that things will get better anytime soon. But unlike leadership vacuums in the corporate world, a continued failure by the GOP to elect a Speaker to replace Rep. Kevin McCarthy (R-California) has had ripple effects on critical domestic, international, and national security issues.

The ongoing political drama in Washington is providing corporate boards of directors around the world with real-time lessons about the importance of succession planning—and what can happen when worst-case leadership failures become a reality.

Failure Factors

“What we are seeing with the House Speaker is an absence of succession planning followed by a lack of alignment on values and goals,” Joe Judge, a leadership expert and co-author of Leadership Is Overcoming the Natural: 52 Maxims To Move Beyond Instinct, said via email.

The power struggle now on display on the Republican side of the aisle is “an ugly display of ego. It’s really about a splintered dream and [political] party, and not aligning behind a single purpose or strategy. Without that alignment, anyone who takes the position is destined to fail,” he warned.

Keys To Success

Development

WASHINGTON, DC – OCTOBER 18: U.S. Rep. Jim Jordan (R-OH) (R) talks to Speaker Pro Tempore Rep. … [+] Patrick McHenry (R-NC) as the House of Representatives prepares to hold a vote on a new Speaker of the House at the U.S. Capitol on October 18, 2023 in Washington, DC. House Judiciary Committee Chairman Jim Jordan (R-OH) failed again on Wednesday in the most recent vote to become Speaker of the House. The House has been without an elected leader since Rep. Kevin McCarthy (R-CA) was ousted from the speakership on October 4 in a move led by a small group of conservative members of his own party. (Photo by Win McNamee/Getty Images)

Getty Images

“The key to any succession planning is developing others to be ready. Not simply identifying a sole replacement (see “replacement plan” above), but developing the skills, behaviors, competencies in others to allow choices when a succession opportunity occurs,” D. Kevin Berchelman, an executive and leadership coach at Triangle Performance, said via email.

Timing

“Succession planning occurs before the need,” he noted. “If you find yourself, either corporate or political, scurrying for a candidate to fill an immediate need, that’s not succession planning. Succession, by definition, is proactive. Replacement is reactive. In crisis appointments, we usually make unforced errors in compromising and watering down essential needs to make the fit.

“Seldom do “best choices” emerge from that environment,” he concluded.

The Importance Of Deep Leadership Benches

Unlike Congress, a sudden vacancy at the top of the organization chart would would not create a free-for-all race to fill the void.

Depending on the size, nature, and age of a company, businesses may have already groomed second- tier leaders such as vice presidents or division heads, to assume the leadership mantle.

If board of directors have not already taken steps to groom or identify future their future leaders, then the chaos in the House of Representatives is an important reminder why they should.

Crisis Management Planning

Companies and organizations should not leave succession planning to chance and incorporate sudden vacuums in leadership in their crisis management and crisis communication plans.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Government Surrender Leaves Questions About Foreign Gifts And Trusts

Next Post

Whitley Penn merges in Fisher, Herbst & Kemble

Next Post
Whitley Penn merges in Fisher, Herbst & Kemble

Whitley Penn merges in Fisher, Herbst & Kemble

Japan raises interest rate to highest since 1995

Japan raises interest rate to highest since 1995

June 16, 2026
Macron brushes off Trump’s 100% tariff threat on French wine

Macron brushes off Trump’s 100% tariff threat on French wine

June 15, 2026
Why the economics makes this the craziest world cup ever

Why the economics makes this the craziest world cup ever

June 11, 2026
Accounting undergrad enrollment up 9%

Accounting undergrad enrollment up 9%

June 12, 2026
AVAX Price Prediction: Treasury Stock Tumbles 38% on Nasdaq Debut as Crypto Proxy Trade Unravels

AVAX Price Prediction: Treasury Stock Tumbles 38% on Nasdaq Debut as Crypto Proxy Trade Unravels

June 12, 2026
Sam Altman ChatGPT AI Predicts World Cup Group Stage Winners

Sam Altman ChatGPT AI Predicts World Cup Group Stage Winners

June 11, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

In the blogs: The rich are different

In the blogs: The rich are different

June 16, 2026
Filling up your car won’t feel normal until next summer, S&P says

Filling up your car won’t feel normal until next summer, S&P says

June 16, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!