A Fortune piece on P&G's leadership strategy. How will this assure effective transition of leadership?
' ... What makes Lafley so confident is a rigorous leadership program called Build From Within. It microscopically tracks the performance of every manager, making sure that he is ready for the next slot. At P&G, says Lafley, each of the top 50 jobs already has three replacement candidates lined up ... '.
I lived through this 'promotion from within' approach for many years. It is remarkable that with only minor adjustments, it has lasted so long.