Succession Planning Needs Strategic Planning First
Where will your company be in 3-5 years, and who will be running it? Succession planning needs to start with strategic planning. First, ask: Where do you want to be in 3-5 years? What might the world, industry, company and world look like in 3-5 years? What departments, roles and skill sets will be necessary between now and then? Who’s going to be in those roles? What will the organization’s strategies be then? So, if there was ever a question about it, training and development of your employees is not a luxury, because… …someone eventually has to replace you and your senior managers …if they learn to take on more responsibilities, you’ll get to do other things (or less of everything!) …they want to get better and … Read more