Coaching for Succession Planning

Great leaders don’t leave the company’s future to chance

Many leaders see succession planning as a “nice to have" while it’s a critical area of focus for ensuring an organization’s long-term success and stability. While many senior leaders instinctively focus on long-term business strategy, they can often forget the people they need to execute those plans. Coaching can help leaders understand the importance of succession planning and successfully implement it to maintain business continuity and preserve institutional knowledge.

Only 52% of board directors surveyed in the 2023 Gartner Board of Directors Talent Survey report that their organizations have a written CEO succession.

Take the Drama Out of Leadership Succession

Business leadership succession can make for great TV drama, but it’s not good business. Develop an intentional plan to identify and develop the skills, roles, and leaders who will take your organization forward for years to come.

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Build Leader Assessments

Craft a way to consistently assess potential candidates, including the optimal mix of qualities, skills, experience, and potential.

Communicate Transparently

Ensure all employees understand the opportunities for advancement and the company’s commitment to their development.
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Develop Potential Successors

Provide leadership training, mentorship, and opportunities for professional growth, including projects and assignments to build their institutional knowledge and skills.
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Mitigate Risk

Identify critical positions and skill sets that are most crucial to the organization’s success, the loss of which will most likely cause a negative impact.
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Plan to succeed with succession planning coaching

Don’t wait until a mission-critical leader walks out the door to start thinking about succession planning. Blanchard’s coaching experts can help leaders identify their commitments to succession planning in order of priority and weave those activities into their daily work.

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