Tuesday, December 15, 2009

Ivey Business Journal - Succession Planning: Often Requested, Rarely Delivered

One of the elements of a sound workforce plan is, of course, succession planning.  This is an area that's new to me, but intuitively it is a no-brainer - or rather, that it is necessary is a no-brainer.  So I just found this, and I've enjoyed the first page, so I will continue reading.

I got a chuckle out of the inclusion of Herman Kahn's MEGO Factor (My Eyes Glazeth Over) - that's the first I've heard it, but it's so ... apt.

Another interesting tidbit: I found an organization's board-approved and published Succession Plan online, which had stated 'no candidates identified at this time' for every senior position, which leads to: It is better to have gone through the exercise and found no one than to avoid the task in fear of the same outcome.  I think.

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