Effective Succession Planning: Ensuring Leadership by William J. Rothwell

By William J. Rothwell

Supplies firms confirmed suggestions for picking out expertise, clarifying values, assessing present and destiny wishes and lots more and plenty extra. features a CD-ROM with immediately usable instruments.

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Extra resources for Effective Succession Planning: Ensuring Leadership Continuity And Building Talent From Within 3rd Edition

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While more will be written about that later in this book, it is worth emphasizing at this point that succession planning can mean more than just finding warm bodies to fill vacancies. Additional issues should be considered—such as the value of institutional memory and creativity. S. General Ac- ................. S. 13 Making the Business Case for Succession Planning and Management Many requirements must be satisfied if organizations are to survive in a fiercely competitive environment. One key requirement is that replacements must be available to assume critically important positions as they become vacant.

One is that executives, middle managers, and supervisors are uncertain about their roles and the results expected of them. Another is that employees, pressured to do better work with fewer resources, are complaining bitterly about compensation or other reward practices that they feel do not reflect their increased responsibilities, efforts, or productivity. And a fourth storm is brewing. Corporate executives, it is rumored, are considering moving all production facilities offshore to take advantage of reduced labor and employee health-care insurance costs.

S. Secretary of Commerce Ron Brown, which also claimed the lives of over thirty other top executives. In its simplest form, replacement planning is a form of risk management. In that respect it resembles other organizational efforts to manage risk, such as ensuring that fire sprinkling systems in computer rooms are not positioned so as to destroy valuable computer equipment in case of fire, or segregating accounting duties to reduce the chance of embezzlement. The chief aim of replacement planning is to limit the chance of catastrophe stemming from the immediate and unplanned loss of key job incumbents—as happened on a large scale when the Twin Towers of the World Trade Center collapsed and on an individual level when the CEO of McDonald’s was stricken by a heart attack.

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