When searching for a new captain to steer the ship, some businesses prefer to appoint from within instead of scouring the market. This hiring strategy has its advantages. It delivers the desired leadership renewal, guaranteeing change and continuity. Typically, these businesses have clear succession plans to ensure seamless transition and sound stewardship of their core values and operational ethos. Unlike a co-opted outsider, a new leader appointed from within the internal pool comes already equipped…