In Indian context, we find there are many CEOs of companies, both well-managed & not-so-well-managed companies, holding on to the chair! Every such position should have a maximum tenor to enable new leaders, with fresh perspective to take over. The successor may not be able to fill in the boots of some of their erstwhile predecessors. But the system has to find ways to handle suitability, rather than allowing leaders to hand-on.
Of course, everyone in the corporate, irrespective of the level, should consider himself to be at a leadership level. As such applicable to everyone. Just as we clamour for retirement of our senior cricketers, however great they were...
Is corporate India ready? Are you ready to let go?