succession

Succession planning is a systematic effort by an organization or agency to ensure leadership continuity in critical positions. It is a proactive practice that helps to identify and develop leaders for key positions. In this article, we will briefly cover the succession planning process as well as some of the options for succession planning. We will also discuss transparency and the pros and cons of being transparent about your succession plan.   Keys To Successful Succession Planning  Britain’s Chartered Institute of Personnel and Development (CIPD) defines succession planning very succinctly as: “…the process of identifying and developing potential future leaders or senior managers, as well as individuals to fill other business-critical positions, either in the short- or the long-term.” It does not matter, therefore, which line of business you are in –government, education, health care, not-for-profit charity–, you need to plan for succession; because if you do not, … [Read more...] about Succession Planning: Keys To Successful Outcomes