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4 Tips for Efficient Succession Planning
Check out this article from Bloomberg.com
Sarah Green of Bloomberg.com wrote and article on May 12. 2009 entitled 4 tips for Efficient Succession Planning. Below is a synopsis of the article.
One of the most common leadership development questions is is planning a succession a waste of time?
1. Change the name of the process to from Succession Planning to Succession Development.
- Experience is what develops people.
Overall it is way more important to invest in the people than the plan. The planning process should not feel like the be all, end all of the development. That is what leads to leadership skills in the long term.
2. Measure outcomes, not process
- If leadership training is not important the plan can never really work.
This is important also because it will in turn help senior level executives to help build support for the succession planning and ownership of leadership development.
Thirdly it will get results.
3. Keep it simple
- Don’t be so complex when planning. It’s easier for a manager to keep it simple in the long term and short term. This will allow for managers and employees to focus down and realize what is important.
Keep it simple is really among some of the best advice one can receive on this topic.
4. Stay realistic.
See the two classic examples of how to be completely unrealistic in the article.
