Senior managers in smaller companies work incredibly hard at finding the right person to fill a leadership role, often with limited or no HR support. Retaining that talent requires developing effective processes to onboarding new leaders that reinforce their decision to join the company.
Organizations will promote and hire new leaders at an unprecedented rate over the next couple of years. Many of these new leaders will fail because they won't focus on the right priorities during their first few months in their new position.
I was introduced to the concept of the "Magic Chair" by a client who referenced the concept as one shared with College Student Councils when they are early in their tenure. The Magic Chair is the seat any new leader sits in that fires 25,000 volts of ego up their butt!