Succession Planning: One key to long term continuity and short to medium term company safety is an effective process of ongoing Succession Planning

Webinar Presenter

Dana Baldwin

Dana Baldwin is an experienced Strategic Planner and has written numerous articles on the processes and effects of Succession Planning and its place within Strategic Planning. Attendees will be presented with real world processes and examples to help understanding of how Succession Planning might be used in your company. Invest a few minutes in this program and learn how to include Succession Planning in your Strategic Planning for the benefit of both your company and your people.

Every company is faced periodically with the need to replace key personnel. This webinar will help companies establish formal processes to minimize the impacts of such events with a plan for such eventualities.

Every company is faced periodically with the need to replace key personnel. Sometimes this is due to retirement, other times because someone gets ill, and even other times, because people leave for other opportunities. Often, there is a cascading effect, when an upper level person leaves, someone below that level is moved up to the open position, then others are moved to fill in each succeeding opening until all the open slots are filled.

If this is done without prior planning, there could be some minor chaos internally, as people assume new positions. Each one has to learn the new slot, and might well also have to teach his or her replacement the job being left by the promotion. This webinar will help companies establish formal processes to minimize the impacts of such events with a plan for such eventualities.

Takeaways

• Explore the need for Succession Planning at many levels within your company
• Learn the benefits and pitfalls of Succession Planning
• Learn the elements of Succession Planning
• For Privately held companies, learn some of the added factors which may help younger family members effectively succeed on an objective basis.