Best Business Consultants in San Carlos, CA

Succession planning – or succession development? A lot of companies are big on planning but not so great on development. Where succession planning is concerned, this is often simply a problem with how the process is viewed. Planning is a system with so many aspects, it can seem to go on forever and grow to the point where nobody really understands the plan anymore. Development is quite different. If you think “succession development,” then you’ll be starting out on the track that will lead you to the results you want. Common sense tells you that in leadership succession, the goal is to prepare future leaders, not to plan. You already know what’s going to happen – new leaders will replace retiring leaders or those who leave for other reasons. The key is to make the “plan” simple and concise while focusing the majority of efforts on developing these future leaders. Where will your future leaders come from? Aside from executives you may hire from without, all your future leaders will come from within your own ranks. Assume it’s your CFO position that’s in question. Your succession development activity will launch around questions such as:...