From the course: Succession Planning
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Talent review session number two
From the course: Succession Planning
Talent review session number two
- I recently started working with a technology company on their succession planning. We were building out all of their leadership development processes, and the CEO suggested that we get succession planning in the fourth quarter. I said, "I think we should reverse the order "and start with succession planning, "because that will inform the development we need. "Plus, your board needs to have the succession plan, "as their responsibility is to mitigate risk, "such as losing key talent over time or suddenly." The CEO looked at me and said, "We know about that. "Last year, we were at a leadership retreat, "and one of our top leaders died unexpectedly "in his hotel room. "We were devastated, "and we still have not filled his position "many months later. "It has not only been a huge gap for us personally, because we lost our colleague, "it's also been a huge gap "for the organization professionally." I explained that…
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