Urban Outfitters has recently restructured and filled what was formerly one vacant president position for its Anthropologie brand into two senior-level management positions. After a lengthy and deliberate search for the Anthropologie vacant president position, they have concluded that a combined leadership structure was the optimal approach for furthering the brand's North American development.

Thought to Ponder:

Great leaders recognize that when to lead is as important as what to do and where to go. Every time a leader makes a move, there are really only four outcomes that can result.

1. The wrong action at the wrong time.
2. The right action at the wrong time brings resistance.
3. The wrong action at the right time is a mistake.
4. The right action at the right time results in success.

Your thoughts on the succession strategy and what key component needs to be in place for the co-leading to be successful?