Succession planning is the process whereby we ensure that our organizations that we have recruited and developed people to fill each key role within the company. If you are the owner of a system integration business that is beginning to think about retiring, keep in mind that developing the necessary talent to lead your organization after your departure typically takes several years. So, start early. In this process, we minimize the possibility that we will have a key role open for which no one is prepared to fulfill. Actively pursuing succession planning ensures that we are constantly developing people to fill key roles within our organization. In our Successful Succession Planning business brief, we review reasons and key steps for good succession planning.
February 10, 2021