Why You Should Choose an Internal Successor

This week's question for Ask the Coach:

I'm getting ready to move on. Should I look for my successor inside the organization or find a candidate on the outside?

Developing a great successor is one of the most important accomplishments that a CEO — or any senior-level executive — can achieve. But, what's best for your organization, and for you? Should you develop an internal or an external successor?

There are many reasons, both personal and professional, to invest in development for an...