Succession Planning


Book Description

This book examines current research related to succession planning strategies and tactics. The authors compare and contrast the rationale and processes needed for effective and efficient succession planning. This is a comprehensive endeavor exploring succession planning across today’s key disciplines: business, education, and healthcare. Succession planning is examined from the commercial, government, and non-profit lens. The book features active research, broad literature reviews, and examines conceptual frameworks. From this valuable contribution to succession planning research, readers will receive a thorough assessment of the theoretical foundations of succession planning and ethical considerations for sustainable leadership.







Challenge for Leaders


Book Description

"Although organizations cannot be fully prepared for the retirement of the Boomer generation due to the staffing shortages facing the workforce, they can implement knowledge transfer and succession planning activities by assessing internal talent, identifying gaps, and implementing plans to prepare for the next generation of leaders and the impact the generational transition has on the workplace. The author discusses the challenges facing organizations with the majority of the Boomer generation exiting leadership positions and entering into retirement, leaving potential voids within organizations if no action is taken. Strategies are suggested to help organizations to prepare for the exit of one generation and the entry into leadership to another. These include: internal benchmarking, creating a culture where knowledge sharing is encouraged and rewarded, identifying high potential talent, conducting succession planning activities, and accelerating development by implementing action learning programs aligned with business strategies, and holding leadership accountable to those plans. The author also discusses challenges and barriers as well as the potential impact of not having a plan in place at all."--Abstract.




Growing Your Company's Leaders


Book Description

"Within the next few years, ""baby boomer"" leaders and managers will be retiring in huge numbers. From the executive suite on down, the challenge to put the right person in place for every job is becoming acute. The potential shortfall means organizations must put succession planning at the top of their priority lists. Growing Your Company's Leaders offers the results of a study of five global leaders in succession strategy: Dow Chemical, Dell Computer, Eli Lilly, Pan Canadian Petroleum, and Sonoco. Readers will learn what these and sixteen other high-profile organizations are doing to identify, secure, and prepare the next generation of leaders. This book examines: * the link between succession management and business strategy * the architecture of good plans and how technology can make them better * the importance of individual employee development * why senior management support is crucial * how to monitor the effectiveness of the succession management system."







Succession Planning in Nonprofit Organizations and Transitioning Millennials Entering Into Leadership Positions


Book Description

Within the past decade, leadership has changed. The faces of leadership are changing into a new group of leaders with different strategies for leadership. Millennials have entered the workforce and are aged to enter into leadership positions. Millennial leadership will change the culture and operation of the workforce because of the unique way they prefer to operate as employees. Research has found that most millennials are entering the workforce while baby boomers are leaving the workforce and opening leadership and executive positions (Doyle, 2014). It also finds that millennials are the most difficult group of employees to recruit and retain. This can become a challenge when looking for employees to fill executive roles or implement them into succession plans. The need for leadership positions to be filled by competent and qualified employees are essential for all organizations. This need is fulfilled by succession planning. Succession planning is a plan that places a qualified incumbent into a leadership role in the event of succession. The plan would include an analysis based on the needs, goals, and strategies of the organization (HR Planning: Succession planning, 2015). In non-profit organizations the need for succession planning is very important. In small nonprofits with less than 50 employees it is recommended to find talent from within the organization. This allows new leadership to become installed with the same goals and a clear understanding of the mission and vision. An analysis of existing research and of my own qualitative research finds that most nonprofit organizations do not have an effective succession plan in place. It also finds that nonprofits are not prepared for millennial leaders. A face to face interview with a leader at XYZ Corporation finds that there is a method in place in the event of succession. They also mention that there is not a model or policy in place to allow continuity. A survey monkey survey distributed to nonprofit employees finds that many are not aware of what succession planning is or have not heard about it within their organization.




Succession Planning in Nonprofit


Book Description

We found that there is insufficient information published related to the perceptions of nonprofit leaders or stakeholders regarding the value of succession planning. There is a gap in literature on the experiences with the process of succession planning, the barriers encountered during implementation and how nonprofits could best support the development of future leaders not to mention the lack of observation from the "first line" of this field. This book undertakes investigating succession planning, estimating the preparedness of nonprofits to deal with leadership turnover. By examining the involvement of respondents and their companies' level of preparedness for succession, we hope to finally provide a first answer to thee issues. After interviews with six nonprofit leaders, we can draw several conclusions. Leaders in nonprofit are aware of the numerous, various issues they must deal with on a daily basis. Non-profit leaders are capable of articulating what should be the requirements for a successor, and how challenging a transition (especially an unplanned one) can be. Yet why most of them have no written succession plan? Read to find out and stay tuned for the upcoming book exploring even more points of view. Use this invaluable resource for present leaders, their Boards, and anyone thinking about planning for succession.




Planning for Succession


Book Description




Succession Planning and Management: A Guide to Organizational Systems and Practices


Book Description

The purpose of succession-related practices is to ensure that there are ready replacements for key positions in an organization so that turnover will not negatively affect the organization's performance. CCL first published an annotated bibliography on succession planning in 1995. That bibliography focused primarily on the link between succession and management development. This bibliography has a broader scope; it is an update and expansion, commensurate with the maturation of this area of practice. In addition to linkages between succession and development, we also consider representative literature on CEO succession, high potentials, and succession systems and architecture. It is hoped that those who use this bibliography will find resources that help them in conceptualizing, planning, and implementing effective succession systems in their organizations.