Many leadership development executives seek to develop a holistic strategy for their organization. In many cases it has been challenging. High degrees of variation in development efforts result in redundant and inconsistent initiatives.
Boards today are questioning the adequacy of current succession practices. They are setting higher goals for succession requirements, talent issues, and development plans. The level of board involvement in the succession process varies across companies.
Effective executive successions and high-quality supply of leadership talent are key to sustain an organization.
The sustainability of an organization depends largely on the ability of its leadership team. Basis of our experience of working with clients, here is why succession management is important.
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