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What qualifications are needed for a good successor?

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As Sam Walton once stated, �Outstanding leaders go out of the way to boost the self-esteem of their personnel. If people believe in themselves, it's amazing what they can accomplish.�
The following leadership qualities are a must when considering future executives:

Ability to see the big picture. You want leaders who can see how all the pieces fit together�and how decisions made today will impact the company in the long run.
An understanding of the roles of innovation and risk taking. Good leaders aren�t afraid to bring in new ideas or think outside of the box. They aren�t limited by their own understandings, but have a tremendous ability to ask the questions that get everyone thinking.
An execution mindset. In other words, competent leaders are focused on results.
Ability to work efficiently. Excellent time-management skills are a must when leading an organization.
Ability to motivate others. Successful leaders understand the importance of teamwork and motivation. Without a motivated group of employees behind them, it�s awfully lonely at the top.
Ability to keep a customer focus. In other words, good executives remember who they�re ultimately working for.
A caring attitude about the company and what they�re doing as an organization. Successful leaders know it�s not just a job. They are emotionally involved in the well-being of the company.
Trustworthy. We�ve all seen what happens when the integrity of a company�s leader is questioned. Successful executives are beyond reproach, and the employees and consumers know it.

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