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The Big Picture
Best Practices of Succession Planning
Firms that have been recognized as best practice organizations have offered the following recommendations for creating success in your succession plans:
• Ensure that the succession plan includes a focus on critical business priorities facing the organization. This helps the plan retain urgency and support.
• Develop methods of assessment to monitor the succession planning process. These methods vary according to business goals and company culture.
• Keep the process simple. A complicated and involved process may look impressive, but it may be too burdensome to execute and maintain.
• Small initial steps can help avoid overwhelming your team and the prospect of change creating a negative ...
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