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Management article
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Reference no. 95509
Published by: Harvard Business Publishing
Originally published in: "Harvard Business Review", 1995
Version: 1 September 1995
Revision date: 30-Jan-2013

Abstract

Every morning, Paul Marsh, the Chairman, President, and Chief Executive Officer of Kansas-based Coltrane Farm Equipment & Manufacturing, climbs the six flights of stairs to his office as part of his stress management plan. But recently the stress has intensified. In just five months, Marsh is retiring, and critics charge that there is no one suitably prepared to step into his job. Coltrane has prospered mightily under Marsh's leadership, and in recent years he has pushed the company to grow overseas. At the same time, Marsh also has a history of conflict with his closest subordinates. Coltrane's former president and Chief Operations Officer left eight months ago and has not been replaced, and the head of international operations was fired in 1992 after just 21 months on the job. With the clock ticking, can Coltrane develop a plan to find a replacement for Marsh who can successfully lead the company into the next century? In 95509 and 95509Z, John Pound, Philip A. Lichtenfels, Alonzo McDonald, and Jeffrey Sonnenfeld offer advice on this fictional case study.

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Abstract

Every morning, Paul Marsh, the Chairman, President, and Chief Executive Officer of Kansas-based Coltrane Farm Equipment & Manufacturing, climbs the six flights of stairs to his office as part of his stress management plan. But recently the stress has intensified. In just five months, Marsh is retiring, and critics charge that there is no one suitably prepared to step into his job. Coltrane has prospered mightily under Marsh's leadership, and in recent years he has pushed the company to grow overseas. At the same time, Marsh also has a history of conflict with his closest subordinates. Coltrane's former president and Chief Operations Officer left eight months ago and has not been replaced, and the head of international operations was fired in 1992 after just 21 months on the job. With the clock ticking, can Coltrane develop a plan to find a replacement for Marsh who can successfully lead the company into the next century? In 95509 and 95509Z, John Pound, Philip A. Lichtenfels, Alonzo McDonald, and Jeffrey Sonnenfeld offer advice on this fictional case study.

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