Whether you're looking for an exit strategy for a small business or filling your executive pipeline for a larger one, succession planning is key to achieving your goal. This guide illustrates the difference between succession planning and replacement planning, and lays out a proven 4-step process that you can use to develop a succession plan for your company.
Inside this guide, you'll find tips for:
Follow the four steps outlined in this guide and you'll have a fully developed, executable succession plan that your organization can be confident in.
Succession planning is the process of preparing internal staff to meet the future needs of the organization. It also helps organizations retain their best people, because they
appreciate the organization’s investment in their development. "