Purpose – In the literature there is very little exploration on how the Tibetan approach in leadership may be relevant for management. Here, for the first time, the paper discusses the ancient yet continuing practice of succession in leadership of the Kagyu Karma School of Tibetan Buddhism within the context of management practices. In so doing, the author suggests a theory of continuous consciousness for succession in leadership. Design/methodology/approach – A multi‐method design is utilized in the research paper. First, the biographical literature on the 17 Karmapas is reviewed and content analyzed for insights: Who is the Karmapa? Second, the author, through a process of planned personal, activity‐based research, including field visits of ritual ceremonies, gathers insights on the Karmapa leadership in action. Furthermore, he was invited to host for HH The 17th Gyalwa Karmapa Trinley Thaye Dorje a forum on, “Living a Meaningful Life in the Contemporary Age”. Third, comparative analyses of tenure of leadership are made of different succession approaches: Karmapa versus other systems of succession, for example Chinese dynastic system (Yuan, Ming, Qing and Chinese Communist Party) are presented. Fourth, traits in the leadership of the Karmapa are portrayed: symbolically, the divine parasol through a rare photograph. A parallel symbolism of leadership, especially the motif of the Sun is drawn between the Tibetan Karmapa and Han Chinese Mao Zedong. For this, the artistic method of montage is utilized to the findings. Fifth, drawing upon research on psychology (nineteenth century German psychologist, Ebbinghaus), the author suggests the memory tests employed by the Tibetans for selection of successor have some scientific basis. Finally, in discussion on corporate vision; from a review of past biographies of 16 Karmapas and for the first time a taxonomical portrayal of the visionary experiences of His Holiness is presented. Findings – The continuity in the leadership of the Karmapas over almost 912 years (1100 BCE to present) is certainly one of the most remarkable in the history of mankind. It is the longest lineage of spiritual leaders within the Chinese minority, of the Tibetan culture. Among the theory of leadership, the case of Karmapa reinforces strongly the role of personality traits. Every Karmapa, including the present 17th has to manifest certain traits or signs to gain continuing acceptance as leader of the spiritual community. In a very sharp contrast to the very short tenure of American CEOs (statistically, graphically presented), the tenure of leadership for Kagyu Karma School of Buddhism is life‐long. Indeed, uniquely as a Tibetan practices in succession, multi‐lifetimes. In this paper, the author discusses how modern corporations may draw insights from this as unique case of institutionalizing the sustainability of leadership. Perhaps, there is a case for expanding the current paradigm of leadership research? Originality/value – This paper highlights the value of management learning through research from ancient religious or spiritual traditions. In this case, the focus is on leadership succession and it is hoped this paper will foster inter‐disciplinary (management and spirituality) research by scholars.