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.




Business Succession Planning For Dummies


Book Description

The fast and easy way to get a handle on business succession planning While the demand for effective managers continues to grow, the retirement of baby boomers is producing a sharp decline in the ranks of available management personnel. In addition, the executives of the future are expected to be more sophisticated in order to develop and lead new global and technological initiatives. For these reasons, strategic and often long-sighted succession planning for the eventual replacement of managers at all levels has reached a critical level. Business Succession Planning For Dummies aids managers, human resource professionals, and upper management in cultivating and retaining their existing employees to ensure the availability and capability of persons to assume leadership roles in the future. In plain English, it prepares business owners to ask the difficult questions when it comes to developing a working succession plan for their businesses key positions. This book also offers information on how to retain and train personnel within an organization so that a more seamless transition can be made when a senior leader or other important personnel retires or leaves the organization. How to retain and train personnel for a more seamless transition Easy-to-follow guidance on developing a working succession plan Tips to create a plan to save time, money, knowledge, and clients by hiring from within If you're a manager or human resources professional looking to develop a working succession plan, this hands-on, friendly guide has you covered.




Effective Succession Planning


Book Description

William Rothwell honored with the ASTD Distinguished Contribution Award in Workplace Learning and Performance. The definitive guide to a timely and timeless topic-- now fully revised and updated. As baby boomers continue to retire en masse from executive suites, managerial offices, and specialized or technical jobs, the question is—who will take their places? This loss of valuable institutional memory has made it apparent that no organization can afford to be without a strong succession program. Now in its fourth edition, Effective Succession Planning provides the tools organizations need to establish, revitalize, or revise their own succession planning and management (SP&M) programs. The book has been fully updated to address challenges brought on by sea changes such as globalization, recession, technology, and the aftereffects of the terror attacks. It features new sections on identifying and assessing competencies and future needs; management vs. technical succession planning; and ethics and conduct; and new chapters on integrating recruitment and retention strategies with succession planning programs. This edition incorporates the results of two extensive new surveys, and includes a Quick Start guide to help begin immediate implementation as well as a CD-ROM packed with assessments, checklists, customizable guides, and other practical tools.




Success and Succession


Book Description

An insightful look at leadership transition from the successor's perspective Success and Succession examines the leadership transition process from the successor's point of view, and outlines the considerations and strategies that lead to a better future for the business. With a focus on practical planning and execution, this insightful guide provides insight into the strategies that smooth the transition and help the new leadership make better business decisions. You'll learn when and how to start planning, who you need on your team, and the obstacles you should anticipate along the way. You'll learn to navigate the uncertainty the process entails, and how to identify opportunities for reciprocal understanding and adopt workable approaches for successful resolution of a multitude of transition issues. Interviews with those at various stages of transition highlight the real-world application of these ideas, and give you an inside look at what worked, what didn't, and what they wish they had thought of. The transition of leadership in an independent, non-public professional service business can be emotional and difficult for everyone. This book gives you a framework for smoothing the process and driving the best possible future of the business. Consider the complexities of succession and transition Balance conflicting dynamics of outgoing and incoming leadership Plan for operational, financial, and emotional obstacles Develop and execute a winning strategy for long term success The transition from founder to successor is far from an academic exercise, and is not linear. Answers are hard to find, and the ebb and flow of the process requires patience, creativity, and willingness to try again. Success and Succession provides a unique strategy for success, from the perspective of incoming leadership.




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


Book Description

"Now Tichy draws on decades of hands-on experience working with CEOs and boards to provide a framework for building a smart, effective transition pipeline, whether for a multi-billion dollar conglomerate, a family business, a small start-up, or a non-profit. Through revealing case studies like Hewlett Packard, IBM, Yahoo, P&G, Intel, and J.C. Penney, he examines why some companies fail and others succeed in training and sustaining the next generation of senior leaders. He highlights the common mistakes that can generate embarrassing headlines and may even call an organization's survival into question, and reveals the best practices of those who got it right"--




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.




Managing the Generation Mix


Book Description

No doubt about it: The newest diversity issue in the workplace is age diversity. Many organizations have finally figured out how to recruit young talent only to watch them drive down a collision course with seasoned employees over issues like work ethic, respect for authority, dress code and every work arrangement imaginable. And they're not sure what to do about it. The fact is, generational conflicts are not merely a matter of young versus old. They mirror critical business issues every organization faces as it transitions from the workplace of the past to that of the future. Managing the Ge.




Who Comes Next?


Book Description

Leaders leave. It’s inevitable. It might even happen today. Are you prepared? Every organization needs a plan for leadership succession, but few leaders know how to start the process. WHO COMES NEXT? solves that problem and easily guides you through the steps of creating a viable succession plan. The book simplifies the process and gives you the tools you need to build and activate your leadership succession. Whether you are part of a small, family business or a Fortune 500 company, you need to start now by answering the question: WHO COMES NEXT? “This book is a comprehensive look at succession planning, but with a refreshing spin that favors the practical over the theoretical. It’s applicable to any industry, and readers will benefit from action items, tools, and resources with every chapter. Succession planning has never been more critical, and this book is a must-read for any professional looking to answer the question, “Who Comes Next?” --Michael Delucchi, President and Chief Elevation Officer, The Elevate Group “Meridith and Mary are my ‘go to’ experts for succession planning, and they’ve created the definitive guide for how to build a strong succession plan. In this book, they break it down, give you a strategy, and deliver everything you need to create leadership depth at every level of your organization.” --Angela Cox Weston, President, Midwest Speakers Bureau “Succession planning goes way beyond the person at the head of the company. Depth on the bench is essential to ensure an organization’s resiliency and contingency planning.” --Eric Holloway, Captain, U.S. Navy (ret)