Effective Succession Planning: Ensuring Leadership Continuity and Building Talent from Within

Effective Succession Planning: Ensuring Leadership Continuity and Building Talent from Within

Effective Succession Planning: Ensuring Leadership Continuity and Building Talent from Within

Effective Succession Planning: Ensuring Leadership Continuity and Building Talent from Within

Synopsis

Organizations that don't take steps to address future talent needs at all levels will face certain disruptions, and even disasters, when key employees leave. The most comprehensive book on the subject, Effective Succession Planning helps readers: Identify competencies and clarify organizational values - Plan for and quickly fill crucial vacancies at all levels - Develop and retain top talent, building and preserving the organization's intellectual capital - Assess current needs and future resources for seamless succession planning - And more Covering best practices, current trends, and the latest technology, the fifth edition also features new and revised material on: succession planning for small businesses and nonprofits; replacement planning; transition management; downsizing; international issues; mergers and acquisitions as a talent strategy; and succession planning for technical positions as well as roles built on longstanding social relationships. Packed with enlightening case studies and practical guidance, Effective Succession Planning remains an indispensable resource for any organization concerned with retaining the accumulated wisdom of its most valued employees. "

Excerpt

Six Ministudies:
Can You Solve These Succession Problems?

How is your organization handling succession planning and management (SP&M)? Read the following vignettes and, on a separate sheet, describe how your organization would solve the problem presented in each. If you can offer an effective solution to all the problems in the vignettes, then your organization may already have an effective SP&M program in place; if not, your organization may have an urgent need to devote more attention to succession issues.

Vignette 1

An airplane crashes in the desert, killing all on board. Among the passengers are several top managers of Acme Engineering, a successful consulting firm. When the vice president of human resources at Acme is summoned to the phone to receive the news, she gasps, turns pale, looks blankly at her secretary, and breathlessly voices the first question that enters her mind: “Now who’s in charge?”

Vignette 2

On the way to a business meeting in Bogota, Colombia, the ceo of Normal Fixtures (a maker of ceramic bathroom fixtures) is seized and held for ransom by freedom fighters. They demand $1 million within 72 hours, or they will kill him. Members of the corporate board are beside themselves with concern.

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