This succession planning template provides a snapshot of how strategic planning can lay the groundwork for success in succession planning. Succession planning is an important aspect of thinking strategically about your company. It's a logical and necessary step in the process of an orderly transition from one generation of leaders to another. (2 pages)
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Succession Planning Template
For partnerships, the questions of succession planning are double-edged: Not only are you picking tomorrow's organizational leaders, you are also selecting its future owners. Thus you need to evaluate a person's fitness for operational leadership as well as their suitability for ownership.
Adding to the complexity is the question of strategy. Your company is not likely to be the same in five years as it is today. Predicting the future isn’t easy. But it’s a necessary exercise if the succession planning is to be successful.
This tool provides a snapshot of how strategic planning can lay the groundwork for success in succession planning. It shows the steps needed to make the two processes intertwine.
Step 1: What is your vision for your company or organization over the next 5 years? For example, if you plan to expand geographically, or invest in different product or service lines, those decisions paint a picture of a future quite different than where you are today.
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