What Companies Can Learn About Succession Planning from the Democratic Party’s Nomination Switch

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 and 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.