Thursday, 9 of September of 2010

Category » Succession Planning

Five Steps for Succession Planning in the New Age of Business

BUSINESS SUCCESSION PLANNING1 Five Steps for Succession Planning in the New Age of Business


1.  Begin the process at least a year before you want to make the transition.


2.  Recognize that a new set of skills will be a better fit for the future.


3.  Locate the best talent before it becomes a necessity.


4.  Clearly communicate the transition before it takes effect.


5.  When you make the transition, do so graciously by stepping away to let the company transform.