Succession planning should be a priority for any business. We’ve written numerous articles on the topic and feel passionately about helping people understand the importance of not disregarding succession planning until it becomes urgent. To further impress this conviction, we’ll turn to some past succession planning examples. Hearing succession stories…
Succession planning is a vital strategy for organizations of all types, ensuring continuity and stability as leadership roles transition. Although you can’t predict when a serious illness, accident, disaster, or significant life event will occur, you can prepare for what will need to be addressed should a big change in…
Succession planning in the C-suite is a critical aspect of organizational strategy often overlooked until it's too late. Whether it's due to retirements, unexpected departures or the need for fresh perspectives, managing the transition of executive leadership is vital for the continuity and success of any business. In this blog…
Succession planning is a crucial aspect of organizational management, ensuring the seamless transition of leadership roles and safeguarding the continuity and success of the business. Yet, despite its importance, many companies grapple with numerous pitfalls in executing effective succession plans. From lack of clear criteria and insufficient development of potential…
The topic of succession planning may not be one you want to pull out of Pandora's box just yet. I understand. However, the fallout of not addressing this topic early enough can be quite devastating. Since we don't know what the next year - much less the next three years…
Holding the role of board chair of a nonprofit organization is a large and fulfilling responsibility. Along with serving as the direct supervisor of the chief leader of the nonprofit, the board chair must oversee meetings and ensure all other board members are fulfilling expectations. Among these important tasks is…
Whether you are the owner of a family business or a key member of leadership, choosing your successor is one of the most important decisions you will ever make for the future of the business. The right person can help your business continue to thrive and grow, while the wrong…
When it is time to address succession in a family business, there are many considerations that need careful attention. Most family business owners will naturally look to the next generation for the successor. This hand-off is not a decision that should be assumed by either generation. For the sake of…
When family members are your coworkers, business can get complicated. This is especially true if you plan to pass your business on to family members after you retire. If you're running a family business, making a succession plan for the future is a must. Family business succession is a plan…
