A process for preparing organizations for the future with leadership talent ready to assume all key roles
Continuity of leadership in key roles must be top priority for an organization’s long-term survival and success
Helping more than 1,000 companies and organizations of all types and sizes with their succession planning
Watch our video to learn about Succession Planning with Maker’s Mark
It happens far too often in the business world: The sudden departure of a top executive – the CEO, CFO, VP of sales or some other key leader – throws the organization into chaos. Internal political battles erupt and market opportunities are lost as the search for a successor begins.
It doesn’t have to be that way. Every organization should have a sound and up-to-date succession plan for all key positions.
What is succession planning?
Succession planning is a process for preparing organizations for the future with leadership talent ready to assume all key roles. Succession plans ensure a smooth transition when an organization faces an unexpected – or expected – leadership vacancy. Just as in athletics, developing a “strong bench” separates the great organizations from the merely good.
Why is it important?
Securing an organization’s future is the most important thing a leader can do. No matter how successful they are in every other way, leaders who don’t secure someone to take their places haven’t done their jobs. Continuity of leadership in key roles – not just the CEO, but all key positions – must be top priority for an organization’s long-term survival and success.
The process of identifying key roles and securing potential future leaders for those roles often uncovers huge areas of risk where no one is prepared to step in if something should happen to the current leader.
And the situation will become even more critical over the next decade as the Baby Boomers move into retirement, creating even more leadership vacancies. The next 2–5 years are critical to prepare for.
Are you prepared? Has your organization identified which positions are vital to your continuing success? Do you have a plan to develop future leaders and a timeline for when they will be ready? Do your senior managers and directors understand their roles in the succession process?
Why The Oliver Group?
The Oliver Group has helped more than 1,000 companies and organizations of all types and sizes with their succession planning. We have the tools and processes to take on the entire plan or to augment your organization’s capabilities.
We can help your organization:
- Assess future leadership needs
- Identify and define key roles
- Determine skills/fit of current talent
- Create updateable plans and timelines for developing high-potential employees for future roles.
- Guide senior managers and directors in the succession-planning process
Studies show that the vast majority of organizations do not have a viable succession plan even for their CEO, let alone for all key positions. Is your organization developing its next generation of leaders?