The impact of a new CEO. The influence of a new CEO on the strategy and control of an organization
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2018-06-06
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en
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Abstract
In this master thesis, the influence of the succession of the CEO on strategy and control is investigated. Such a succession is considered a shock, which could influence strategy and control. Six circumstantial factors are found through a literature review: Whether or not the previous CEO is the founder, the organization is a family business, the successor comes from outside of the organization, the organization was prepared for the succession, an investor is involved in the organization and whether or not there is an (in-)formal social atmosphere. To test the effects of these factors, a survey is distributed among organizations that experienced CEO succession. The results show that when the previous CEO is the founder, strategy and control are not formalized. If the organization is a family business and if the new CEO comes from outside the family, then the new CEO formalizes control. Another aspect is if the organization is prepared for the succession; if so, then CEO succession leads to a formalized strategy. Whether or not there is a formal social atmosphere or an investor involved in the organization does not influence strategy and control. Lastly, it is unsure if in- or outside succession influences strategy and control.
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Faculteit der Managementwetenschappen