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Of all the issues facing senior
management teams, succession planning is one of
the most challenging. It requires the ability to
critically and accurately assess not only an
organization's current talent but to also be
able to predict the needs of the future.
If your organization is already involved
in succession planning, there are some points
raised in these articles that can act as a
checkpoint as to whether your system is focusing
on the right issues. If your organization
has not yet been serious about succession
planning, the articles will provide you some
ideas on how to frame this conversation with
your senior management
team.
Sincerely,
Mary Ann Gontin
(Danbury,
CT) | | |
Impact
of Failing to Do Succession
Planning
Executives often begrudgingly admit that
succession planning is something that should be
done but often believe it’s an impossible
task. However, the impact of
not engaging in succession planning can hit an
organization on several
levels.
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Creative
Metrics in Succession
Planning
Identifying capable leaders will ensure
that solid performers are identified and
developed for each critical
position. Turning to those who currently hold
those key positions can provide creative metrics
which enhance traditional best practices in
succession planning.
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Succession
Done Right the First Time
Around
In an ideal world, a CEO selects and
preps a successor, simple as that.
Unfortunately, there’s a big gap between the
ideal and the real, because outgoing business
leaders unknowingly take the wrong approach to
succession planning. Here’s how to do it
right.
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6
Succession Planning Myths -
Debunked
According to a recent study, many firms
do not have a succession plan in place for many
reasons, most of which are unfounded. Here are 6
of those myths.
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