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Succession Planning
Succession planning is the process of looking long term to ensure that executive and management positions are occupied by qualified people promoted from within, and that employees have avenues for promotion. Learn more about it here.
Getting Started with Succession Planning II - (free advice)
By Dr. Micheal A.S. Guth:
Succession planning is just one part of strategic planning. Firms need to have developed strategic plans for their businesses before they can address the future-related issue of successors. However, the strategic plans should help the current owners identify a set of criteria for their successors. With strategic plans that identify how the firm will grow and evolve to the point of transition to new owners, a business will be well on its way to placing the future of the company in the hands of a capable new team.
Succession Planning for Your Business - 7 Key Benefits
By Martin Haworth:
A core activity in many successful businesses, Succession Planning is simple and quick to implement - here are seven reasons why you will find it of great value in your business or organisation. But, you need to lead - it works only as well as the support it gets!
Art of Succession Planning
By Paul Shearstone:
Succession planning, like any business acumen, is both an art and a science. That is to say, there are many proven strategies that can and must be followed so that successful transition can occur.
Bench Strength: Grooming Your Next CEO
By Jay Conger:
Finding a new CEO goes beyond maintaining a roster of talent. Smart companies link succession planning with leadership development. An excerpt from Harvard Business Review.
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