The statistics are sobering: not only do 49% of external executive hires end in failure within 18 months, but internal moves prove to be challenging as well. For instance, 40% of internal job moves involving high potentials also end in failure.

Besides the fact that these failures often have a traumatic impact on the individuals involved, the costs for the organisations are huge. Not only in terms of image and hiring costs but, more importantly, in terms of opportunity costs.

To find out why leadership transitions prove to be so hard, and what companies and individuals can do about it, I interviewed Michael Watkins for my Leadership 2.0 podcast.