NVIDIA Co-founder and CEO Jensen Huang reports that most of
his time on the job is spent brainstorming with managers and leaders and
helping them brainstorm through tasks and opportunities. He believes it is
essential to train talent to effectively control a different product line, a
new geography, or even to take his place.
Succession planning of a closed set
of hand-picked individuals is a toxic process, says Huang. Instead it's best to
treat all employees as a next generation of leaders to build a better
environment and long term stability.
He also believes that: “it is important to foster a culture
that embraces mistakes and an environment where anyone can have a great idea.
The majority of great ideas come out of mistakes and adversity. Adversity
should be seen as an opportunity rather than a life-threatening event."