Strategic succession planning is one of the essentials in the hospitality landscape. If the leadership roles stay vacant for a prolonged period, it may hinder the growth of the business. ...

No organization will have their leaders forever. Leadership comes in ebbs and flows and organizations should be actively seeking out the next generation of leaders, internally. Succession ...

1. Be proactive with succession planning It can take time to find and prepare a promising candidate for a leadership role. As such, don’t dawdle with this part of your plan. Even ...

Identifying Key Business Areas and Positions: First and foremost, the key business areas are identified, i.e. the areas which are significant with respect to the operational activities ...

Succession Planning is defined as the systematic process of recognizing and creating future leaders who are able to take the position of the old ones when they leave the organization ...

When it comes to long-term planning for your business, regardless of its size, succession planning should be a key part of the process. Key benefits of succession planning include: Time ...

A substantial body of literature discusses succession planning. The first book that addressed the topic fully was “Executive Continuity” by Walter Mahler. Mahler was responsible ...

Here are seven suggestions to kick-start your succession planning, whether you have a small, family-owned business or an multinational corporation: (adsbygoogle = window.adsbygoogle ...

Succession planning is a process for identifying and developing new leaders who can replace old leaders when they leave, retire or die. Succession planning increases the availability ...