Is Succession Planning a Nice to Have or Must Have?
Peter Stark
JUNE 22, 2024
We were working with a client on a leadership development program for their leaders when they asked us our thoughts about Succession Planning. Is it a ‘nice to have,’ like life insurance, or a ‘must have?’ They asked. Of course, we are on the must-have, but the real question is, how formal is your succession plan? Most organizations have a leader in mind who could step into a CEO role if an immediate need arises.
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