Business Succession Planning For Dummies
The fast and easy way to get a handle on business succession planning While the demand for effective managers continues to grow, the retirement of baby boomers is producing a sharp decline in the ranks of available management personnel. In addition, the executives of the future are expected to be more sophisticated in order to develop and lead new global and technological initiatives. For these reasons, strategic and often long-sighted succession planning for the eventual replacement of managers at all levels has reached a critical level. Business Succession Planning For Dummies aids managers, human resource professionals, and upper management in cultivating and retaining their existing employees to ensure the availability and capability of persons to assume leadership roles in the future. In plain English, it prepares business owners to ask the difficult questions when it comes to developing a working succession plan for their businesses key positions. This book also offers information on how to retain and train personnel within an organization so that a more seamless transition can be made when a senior leader or other important personnel retires or leaves the organization. How to retain and train personnel for a more seamless transition Easy-to-follow guidance on developing a working succession plan Tips to create a plan to save time, money, knowledge, and clients by hiring from within If you're a manager or human resources professional looking to develop a working succession plan, this hands-on, friendly guide has you covered.
Introduction 1 Part I: What Is a Succession Plan, and Why Do You Need One? 5 Chapter 1: Sowing the Seeds for Long-Term Success 7 Chapter 2: Why Succession Planning Matters 19 Chapter 3: Pinpointing the Right Type of Plan for Your Organization 33 Part II: Creating a Plan and Putting It into Action 47 Chapter 4: Preparing the Plan: Six Steps to Success(ion) 49 Chapter 5: Implementing the Plan 67 Chapter 6: Evaluating the Plan’s Implementation 81 Chapter 7: Overcoming Obstacles in Implementing Your Plan 95 Part III: Diving Deeper into Succession Planning 113 Chapter 8: Covering Key Positions in Your Succession Plan 115 Chapter 9: Figuring Out What You Need in a Successor 129 Chapter 10: Identifying and Developing Successors within Your Organization 147 Chapter 11: Aiming for a Smooth Transition 163 Part IV: Keeping the Succession Ball Rolling 181 Chapter 12: Making Great Exits 183 Chapter 13: Maintaining Your Plan in Today's Changing Workplace 195 Part V: The Part of Tens 213 Chapter 14: Ten Mistakes That Sabotage Succession Plans 215 Chapter 15: Ten Ways to Keep Your Succession Plan Alive 223 Index 231
Arnie Dahlke is an independent organizational consultant, assisting both private (for-profit and nonprofit) and public organizations. His clients include Chevrolet, Saturn, Coca-Cola, Gelson's Markets, and Northgate Markets. He provides courses and seminars across the country for all levels of learners.
The fast and easy way to get a handle on business succession planning Need to cultivate and retain existing employees for leadership roles in the future? Easy. In plain English, this friendly guide shows managers and human resources staff how to develop a working succession plan and train personnel for a more seamless transition — all while saving time, money, knowledge, and clients by hiring from within. Sounds like a plan — grasp the importance of having a well-developed succession plan — and the consequences of not having one — and find the plan that's best for your business Full steam ahead — build your succession-planning team, establish the specific goals of your plan, implement your plan, and handle obstacles along the way It's all in the details — find out how to determine the competencies needed for key positions and develop the skills of potential successors within your organization Keep the ball rolling — discover how to evaluate and maintain a succession plan that adapts to changes in your organization, the marketplace, the economy, and society at large Open the book and find: The core components of a succession plan Why succession planning matters Advice on pinpointing the right plan for your organization How to plan for unexpected and predictable departures Ways to cope with people and process obstacles Tips for identifying, preparing, and training internal talent How to make yours a smooth transition Learn to: Develop a smooth working succession plan Retain and train personnel for a seamless transition Save time, money, knowledge, and clients by hiring from within
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