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Developing Leaders & Leadership Succession

Succession planning is the process of identifying and developing potential future leaders and senior managers, as well as individuals, to fill business-critical roles. The aim is to be able to fill key roles effectively if a current post holder leaves the organization. Succession planning programmes typically include practical, tailored work experience relevant for future roles.

Read: Succession Planning Factsheet

Succession planning in companies covers many areas, but typically it’s discussed in terms of replacing key employees as well as how to transfer the reins of the company from one leader to the next. Succession planning can include training employees to move up the corporate ladder and assume leadership positions. From a risk management perspective, it can also address who will replace key employees in the event of a planned or unplanned departure.

Read: Business Continuity and Disaster Recovery Planning for IT professionals

Succession planning means the process whereby an organization identifies key in-house personnel with a potential to take up a top leadership position and developing them with the hope that they will undertake such roles as they become available. The idea behind any succession plan is to make leadership transition as the business grows, changes and develops to be very smooth.

Read: Succession Planning Definition

Developing Leaders & Leadership Succession Toolkit

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Coaching

April 26th, 2021|Comments Off on Coaching

A powerful way of building an organization for succession and sustainability is coaching. Coaching is unlocking a person’s potential to maximize their own performance. It is helping them to learn rather than teaching them. Executives [...]

Adopt a Growth Mindset

April 26th, 2021|Comments Off on Adopt a Growth Mindset

According to Stanford University researcher, Carol S. Dweck, there are two kinds of mindsets: a fixed mindset and a growth mindset. In a fixed mindset, people believe their qualities are fixed traits and therefore [...]

Leadership Sustainability

April 26th, 2021|Comments Off on Leadership Sustainability

According to the authors of Leadership Sustainability, Ulrich and Smallwood, “Leadership sustainability occurs when leaders accept why they need to improve, recognize what they need to improve and figure out how to make the improvements [...]

Succession Planning and Management

April 26th, 2021|Comments Off on Succession Planning and Management

One of the best-known books on Succession Planning and Management is William J Rothwell’s Effective Success Planning: Ensuring Leadership Continuity and Building Talent from Within. Now more than ever, succession planning is a must. Because [...]

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