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Sigmoid Connect

Myths and stopping points of succession planning

  • The organization is only mine (I own it);
  • The organization is too small;
  • I don’t know how to create a plan;
  • In reality, a lot of people just don’t want to make the hard decisions.

Succession planning strategies and principles:

  1. Development of leaders requires an investment of time and money
  2. Successful leadership development is a multi-faceted approach
  3. Backup succession plans are a necessity, not a luxury
  4. Legacy leaders must learn to completely let go
  5. Leaders willingly subordinate their own pride and ego for the sake of the success of the organization

Source: Where To Start With Succession Planning