Succession Management

ORGANIZATIONAL REVIEW


A strategic approach to identify and develop emerging leaders aligned with the business strategy.

 

Strategy

  • What is the strategy of the organization?
  • Given the strategy, what are the implications for the kind of leaders needed for the future
?
  • What are the leadership qualities, strengths, attitudes and traits (i.e. “Competencies”) needed to achieve the strategy?

Structure

  • Does the current structure support the strategy? If not, what is the evolving organizational structure?
  • What are the key positions in this future structure?
  • Who are the key people with critical expertise that would be difficult to replace?
  • Focus the succession management process on identifying and developing high potential talent to fill those positions in the future.

PEOPLE REVIEW

Identification

  • What process is in place to identify a diverse pool of talent to be ready to fill those critical positions in the future?
  • What assessments have been made about their performance and their potential for succeeding in future leadership roles?
  • Is there an automated, integrated talent management
 system in place to track emerging leaders and key talent?

Development

  • What organizational data is available to assess an individual’s strengths, competencies, and development needs?
  • How are individual development goals created to identify:
    • Knowledge to Acquire?
    • Skills to Strengthen?
    • Experience to Gain?
    • Perspectives to Broaden?
  • What development methodologies are in place?
    • Stretch Assignments
    • Executive/Business Coaches/Mentors/Role Models
    • Targeted Training/Coursework
    • Rotational Assignments
    • Geographic Relocations