Every organization, regardless of its size, needs succession planning. Harvard Business Review stated that the CEO succession process is broken in the U. S. and around the world.This results in poor performance followed by higher turnover and corporate instability. But organizations need to be thinking broader than just CEO succession -they need to dig deeper into the organization when thinking "succession." As labor shortages increase, succession planning and leadership development require strategic initiatives requiring rigorous consideration. Organizations must move away from the "replacement" mindset to measuring success long term. Are the right people moving at the right pace into the right jobs at the right time? Attention should be directed to capturing the intellectual capital that exists within the organization and developing leadership candidates.

How does your organization address succession planning -or doesn't it? Some organizations merely have informal conversations as to who should be promoted into what jobs without addressing the broader long-term approach of higher level succession. These informal tactics usually fail to ensure strong stability within the organization. More formal strategies for succession planning are warranted to support the organization going forward into the future. 

Dr. Susan Strauss is a national and international speaker, trainer and consultant. Her specialty areas include management/leadership development, organization development, communication, and harassment and bullying. She is an expert witness for discrimination and harassment lawsuits. 

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