Adopted from the following great insight shared by Simon Sinek
“Great leaders are the ones who think beyond “short term” versus “long term.” They are the ones who know that it is not about the next quarter or the next election; it is about the next generation.”
There is a big difference between Great & Iconic Leaders(Level 5 Leaders) and Terrific Leaders(Level 4 Leaders) when it comes to Succession Planning as mentioned by Jim Collins in his book Good to Great..
Whereas Level 5 Leaders set up their successors for EVEN GREATER SUCCESS in the next generation , EGOCENTRIC LEVEL 4 leaders often set up their successors for failure..