Strategic Actions For A Strategically Structured Succession Planning For Company Leadership
The rapidly changing demographics in the workplace, especially the aging baby boomer segment, there is a real challenge to find talent for leadership roles. Companies that are able to respond proactively with strategically developed and implemented effective leadership succession plans are in a superior position in the marketplace and global economies.
Your strategic thinking business coach offers the following list of recommended strategic actions to structure a leadership succession planning process.
Strategic Action #1: Begin the succession planning process early. A period of one to three years prior to the expected departure is optimal dependent upon the leadership position. The most strategic approach is to start the planning process as soon as the new leader takes charge.
Strategic Action #2: Clearly determine and communicate the purpose, goals, and extent of the leadership succession plan or program.
Strategic Action #3: Clearly define the desired and required qualities of the new leader. The qualities should be driven by the company's strategic plan and its requirements. Strategic Action #4: Develop a clearly focused leadership development strategy. This will enable potential candidates to acquire training for additional responsibility within the company.
Strategic Action #5: Develop a talent management process that will incorporate strategic thinking for specific development opportunities for future leaders. This may include mentoring and some form of coaching.
Strategic Action #6: Identify future leadership candidates by developing a system for assessing current and future leadership needs.
?Strategic Action #7: Identify a system for communicating information to ensure that the leadership succession and/or development programs are in line with strategic business needs.
Your strategic thinking business coach encourages you to use strategic thinking in the development of leadership succession plans. If you would like to learn more about how to develop a strategic succession plan and how a strategic thinking business coach can facilitate and guide you in that endeavor, please contact Glenn Ebersole through his website at www.businesscoach4u.com or by email at jgecoach@aol.com
Related Tags: strategic planning, succession planning, strategic thinking, company leadership succession
Glenn Ebersole, Jr. is a multi-faceted professional, who is recognized as a visionary, guide and facilitator in the fields of business coaching, marketing, public relations, management, strategic planning and engineering. Glenn is the Founder and Chief Executive of two Lancaster, PA based consulting practices: The Renaissance Group, a creative marketing, public relations, strategic planning and business development consulting firm and J. G. Ebersole Associates, an independent professional engineering, marketing, and management consulting firm. He is a Certified Facilitator and serves as a business coach and a strategic planning facilitator and consultant to a diverse list of clients. Glenn is also the author of a monthly newsletter, "Glenn's Guiding Lines - Thoughts From Your Strategic Thinking Business Coach" and has published more than 250 articles on business.
To find out more about the benefits & rewards of effectively working with a strategic thinking business coach, please contact Glenn Ebersole through his web site at http://www.businesscoach4u.com or jgecoach@aol.com
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- Strategic Planning Begins With a Mission Statement and a Vision Statement
A sure-fire way to start the success of your business strategic planning process is to identify th - Your Mission Statement and Vision Statement - Getting Your Message Out There
Congratulations. You have created your business mission and vision statements. They are clear, defi - Offshore Company Incorporation
An offshore corporation is the one which is incorporated in an overseas country in order to reap t - Risk Assessment and Management
Entrepreneurship is defined as set of different activities that consist the business development. - Making Money in an Economic Downturn
If you're a savvy business person, you understand that an economic downturn is precisely the time y - The Best Promotional Giveaways for Trade Shows: the Three C's
Participating in a trade show is an excellent way to give your business a high degree of exposure. - Writing a Business Plan
When it comes to writing a business plan you need to remember that it should focus on four separate - How to Register a Trademark - Employing the Services of a Trademark or Patent Lawyer
Innovations come up everyday and people are always bent on discovering something new and making it - How to Create the Perfect Survey
 DOPreserve anonymity. If the employees identities are tied to their responses, they may - Tired of That Tired Old Brochure?
"Brochures are one of the cornerstones of effective advertising, but not all brochures are equally
Most viewed articles in this category:
- How to Use Radionics to Help You Make the Right Business Decision
Remember what it was like to be in school? It may not have seemed like it at the time, but things w - Strategic Planning Before Grant Writing
People sign up for my grant writing workshops to learn to write grant proposals. I often find they h - The Balanced Scorecard
The Divide between Strategy Formulation & Strategy Execution The vast majority of the world's busin - Why Business Incentives Work
In 2005 General Motors launched a consumer incentive program after a few years of sluggish sales. Fr - Business Sellers - Beware of the C Corp Asset Sale
We recently completed a Merger and Acquisition engagement to sell our client to a large publicly tra - Helpful Hints to Implementing a Differentiation Strategy
I frequently get asked "how can I differentiate my product or service when there are a lot of compet - Change Happens - Anticipate It - Embrace It
Like everyone else, I have received countless emails with long lists extolling nostalgic virtues fro - Definite Goals And The Burning Ambition To Achieve Them: How To Be A Winner
Did you know that the vast majority of truly successful people in the world have clearly stated goal - Is Succession Planning in Your Future?
Until recently, many CEOs and companies in general had not thought much about succession planning. B - Strategic Alliances, Collaborating Through a New Window
Strategic alliances are commonplace today among organizations both large and small. The advantages a
