Succession Planning for Future Readiness

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SUCCESSION PLANNING
for
FUTURE READINESS
91 9663742007
www.grovalselectia.com
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If you are an SME/MSME owner, before discussing
succession, the fundamental question is, what do
you want your organisation to do once you cease
to exist? Thats an important call.
It is a critical and strategic process within
organisations that involves identifying and
developing future leaders to ensure the
continuity and long-term success of the business.
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Effective succession planning involves
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Identifying Key Roles
The first step is identifying critical
organisational positions that need succession
planning. These are typically leadership roles or
positions with specialised skills essential to
the organisations operations.
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Talent Identification
Identifying and assessing potential successors
for these critical roles is crucial. This often
involves evaluating current employees skills,
experiences, and potential for growth.
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Development and Training
Once potential successors are identified, they
must be developed and trained to effectively fill
key roles. This may involve mentoring, coaching,
training programs, and exposure to different
parts of the organisation.
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Monitoring and Evaluation
Continuously monitoring the progress of
potential successors is essential. This allows
organisations to adjust their succession plans
and ensure that candidates are on track for
leadership roles.
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Contingency Planning
Succession planning should include contingency
plans for unexpected departures or emergencies.
Having a backup plan can minimise disruptions to
the organisation.
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Communication
Transparent communication is essential in
succession planning. Employees should be aware of
the process and the opportunities it offers. Open
dialogue can also help manage expectations and
reduce potential conflicts.
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Evaluation and Adjustment
Periodically reviewing and adjusting the
succession plan in response to changing business
needs, employee development, or shifts in the
industry is crucial for its long-term success.
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Contact Us
Failure to succession planning can lead to
leadership gaps, reduced organisational
resilience, and a lack of preparedness for the
future.
91 9663742007
dinkar_at_groval-selectia.com
www.grovalselectia.com
B Tower-305, La Palazzo (KMB), (Next to Trinity
Acres and Woods), Marathahalli Sarjapur Rd,
Ambalipura, Bengaluru, Karnataka 560102
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THANK YOU
( Business Coach )
Dinkar Rao