succesion

Failing to Plan for Succession

The Neglect of Long Term Preparation for Leadership Transitions
Great Leadership Lessons, Note 26

The smaller the organization, the more difficult it is to plan for successors to step into the most vital seats.
The smaller the organization, the more unlikely it has the right people already there who can step up to more significant roles of leadership.
The smaller the organization, the more likely it will have to go outside to find new people to fill empty seats or imminently empty seats.

For companies to remain great, they must have great replacement, advancement and succession strategies in place. Too many organizations simply do not much in place.

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