Five Steps for Succession Planning in the New Economy

By | May 26, 2010

1.  Begin the process at least a year before you want to make the succession planning transition.

2.  Recognize that a new set of skills will be a better fit for the future.

3.  Locate the best talent before it becomes a necessity.

4.  Clearly communicate the transition before it takes effect.

5.  When you make the transition, do so graciously by stepping away to let the company transform.

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