The Missing Ingredients in SUCCESSion Planning
Succession planning has reached a point of serious concern for most organizations as the need to prepare for ongoing retirements and labour shortages becomes a reality. Unfortunately, many organizations still seem to be treating it more casually than they should, making common oversights such as not establishing competencies required for success at more senior levels, failing to employ valid and objective measures of leadership capability, and missing the opportunity to support succession initiatives with ongoing development planning. Taken together, these “missing ingredients” can derail a process that should be critical to ensuring the continued growth and success of the organization and its people.
