A Hard Look at Succession Planning

Overview:
Succession Planning as a Business Tool Establishes a clear understanding of the perceptions, organizational issues, and business context within which an effective succession planning system must operate.
In a VUCA world, it is critical to ensure the continuity of leadership in an organization. Whether a leadership departure has been carefully planned or completely unforeseen, ensuring a pool of strong, ready candidates should be part of every company's risk management strategy. This session provides an opportunity to learn how a succession plan and management process is a critical business continuity activity. Find out what are some of the common areas that are ignored or glossed over resulting, at best, in a weak succession plan or simply a replacement plan.

Succession planning cannot take place in a vacuum. It must be an intensive, comprehensive initiative, much more than a preparation of a list of names that will be replace a person who wins the literary and leaves. Similarly, succession plans will not sustain the firm if they are designed only to allow the leaders to say to the Board of Directors we have checked the box on our talent plan. Succession has to be taken on are the objective of the CEO and supported by all leaders. It is not a HR activity.