Skip to main content
Category

Succession Planning

August 2024: Succession Planning; Part II

By Business Consulting, Strategy, Succession Planning


Board Development, BoardSource Certified Governance Trainer

Written by: Katherine Whitney

Our July newsletter focused on what should be an ongoing succession planning effort to develop the next group of potential leaders for your organization. That is a central part of ensuring smooth transitions in leadership so that, when changes occur, the organization can have a smooth transfer of job responsibilities.

But “what if?”  What if someone in a key position leaves without notice either permanently or for an extended period without a successor in place? There can be many reasons for this, and the organization can suffer regardless of the reason. The following are five steps that you should take in advance to help your organization navigate an unexpected transition.

Read More

January 2021: Four Succession Planning Steps

By Business Consulting, Human Resources, Succession Planning

Four Succession Planning Steps for 2021

Generally, businesses have two sources of irreplaceable knowledge – people and database(s). If either is lost, years of insight can be erased in an instant, forcing companies to learn a hard lesson. While organizations recognize the need to implement data backups, fewer see the critical nature of developing a succession plan. The key to successful succession plans is not waiting for signs a transition is needed, but proactively developing a plan and options. This will ensure knowledge is shared from person to person long before any departure and that your company is prepared for the future.

Read More