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Succession Planning

Succession planning is one of the most important activities an organization needs to manage. A comprehensive and objective succession planning process is critical to the on-going success of any company and/or organization. Succession planning assumes even greater importance in mid-size or family run business.


Key components include:

  • Developing a company/role appropriate approach to succession planning
  • Managing CEO and other senior executive specific transitions
  • Assessment of internal talent
  • Benchmarking
  • Financial and legal advice (provided by a partner company)

Most often, companies want to implement a process that will identify a pool of talent who are capable of filling the jobs needed to achieve your organization's mission and strategy.

The five steps in our process are:

  1. Define the organization's needs
  2. Review current leadership capability
  3. Identify leadership positions that need to be filled in the next 1-3 years
  4. Establish developmental plans for key internal leaders
  5. Map the full talent pool at the senior management level

Our process is guided by a series of tools and assessments. Often, we are only working on a very small number of critical roles that require succession planning. Consulting is provided to internal partners to support the development of comprehensive talent pool information in light of corporate strategy and with the goal of identifying any deficiencies or potential problems.

   

Contact Information

tel: 602.944.4469
email:
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Damien Faughnan (Phoenix Executive Coach) is an affiliate of Goodstone Group

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I was in line for a promotion but needed to work on my communication skills. Working with Damien really helped me both improve my communication and have others see the improvement.

- Peter



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