Succession Planning

Build, buy, borrow, bot: tackling the talent crisis

Organisations will only stay competitive if they replace outdated workforce strategies with models that are dynamic, inclusive, and future-ready.

From stewardship to strategy: rethinking CEO succession

As legendary investor and business leader Warren Buffett retires after more than 50 years, his succession plan is one that all businesses should take note of.

Is your succession plan a work of fiction?

Six out of 10 companies say they have succession plans in place for their key executives. Yet eight out of 10 senior executives quizzed for a new survey said that their company would not be able to replace them quickly if they needed to.

Poor leadership undermines US organizations

The quality of leadership in American organizations is poor and it isn't getting any better. What's more, leaders are stifling creativity and innovation because they are risk averse and focussed on their own survival.

Should leadership development be more transparent?

Programmes to identify and develop future leaders might seem to be sound talent management. But as a new survey highlights, there's also a downside.

External CEOs cost more, deliver less

Looking externally for a new CEO could be a waste of time and money. Because a new study has found that companies that only appoint internal candidates as CEO significantly outperform those that appoint outsiders.

Mind the leadership gap

Many things are hard to predict right now. The imminent departure of the Baby Boomer generation into retirement should not be one of them. So why are so many U.S firms bracing themselves for a leadership and skills vacuum at the top?

Still ignoring succession planning

You might have thought that having a succession plan in place should your CEO suddenly depart would be common sense. But an astonishing proportion of companies don't seem to agree.

Heads in the sand on succession planning

Despite the ageing population and a global battle for talent, many American bosses are still doing precisely nothing when it comes to thinking about who is going to step into their shoes.

The importance of succession planning

Careful succession planning is critical when those at the helm of a business decide to hand over responsibility to new management. So if you want to boost the value and saleability of your business for the future, start planning for and building the next generation of human resources right now.

Marshall Goldsmith on succession planning

Why do so many business leaders find it difficult to hand over the baton to their successor? That's the issue best-selling author and renowned executive coach, Marshall Goldsmith, explores with us as he joins Wayne Turmel for the first Working Week podcast of 2008.

Perils of keeping it in the family

One in four family-run British businesses expects to change hands in the next four years, but a lack of planning and foresight means that, for many of them, the process could become a complete nightmare.

Brain drain threatens U.S. competitiveness

We all know that employers face a skills shortage as Baby Boomers leave the workforce. So why do so few organizations ensure that they can pass on the vital knowledge these employees possess?

U.S. organisations ignore succession planning

Despite acknowledging the importance CEO succession, new research has found that a remarkable proportion of U.S. organisations have failed to put succession plans in place.

Chief executives do not trust HR to manage their talent

As the West's workforce demographic changes, managing and retaining senior level talent is becoming an ever more important priority for CEOs. But they don't trust HR and personnel to get it right.

Latest book podcasts

More Podcasts

Steve Cockram: the Voice-Driven Leader

Steve Cockram, co-founder of Giant Worldwide, talks about his latest book, 'The Voice-Driven Leader' and explains how to create environments where every voice gets heard.

What is Relationship Currency?

Keynote speaker and transformational coach, Ravi Rajani, talks about his new book, "Relationship currency: five communication habits for limitless influence and business success".

Hone - how purposeful leaders defy drift

We dive into the new book from Deloitte's Geoff Tuff and Steven Goldbach, 'Hone - how purposeful leaders defy drift'.

Lesley Cooper on stress and pressure at work

In this episode we discuss wellbeing at work with Lesley Cooper, including the issues of fear-based cultures and psychological safety.

Managers failing on training, succession planning and communication

British managers are often confused about who should take responsibility for training and development, fail to develop proper succession planning procedures and rely on the corporate 'grapevine' for communication.

Change at the top hits the bottom line

Companies that replace their CEO need to move quickly to appoint a replacement as new research finds that poor succession planning is wiping £2 billion a year from the value of FTSE 350 companies.

Companies crying out for quality applicants

Almost a quarter of UK firms are having to wait up to six months to fill key job vacancies as a growing skills gap puts a squeeze on business growth.

Favouring the first born

The first employees recruited by small firms tend to climb the corporate ladder faster than those who join later. But favouring the 'first born' is fraught with peril, according to those who have seen the results.

Entrepreneurs plump for friends, not family

Entrepreneurs are shunning family members when setting up a business and increasingly setting up new ventures with friends rather than relatives.

Don't rush your exit!

In the boardroom the handover from one leader to another is often surprisingly brief. But rushing top people out of the door can cause real problems for organisations, says Nic Paton.

What happens when the 'baby boom' bubble bursts?

Will the retirement of the 'baby boom' generation lead to a labour shortage in the U.S. or will there instead be a skills shortage and increased unemployment as organisations offshore jobs in search of cheaper skilled workers?

Employee development critical for U.S. employers

American companies risk an exodus of organisational knowledge and experience because they are failing to put in place formal employee development programmes to compensate for the retirement of millions of working Baby Boomers.

The ephemeral CEO

Power in the corporation is permanently shifting away from CEOs, as a global study reveals a growing haste – particularly in Europe - to remove CEOs who fail to deliver strong results in the first few years of their tenure.

When things go wrong are CEOs always to blame?

Chief executives are being fired more frequently, and sooner into their reigns, than ever before. But these dismissals are harsh short-term decisions.

Planning for the unexpected

Harry Stonecipher's resignation demonstrates how important it is for companies to be on top of succession planning. Because it a truism that the unexpected often happens.

Good and bad managers

Every manager should possess firm and well-informed opinions on the subject of management itself. Everybody has been unfortunate enough to work for a bad manager but hopefully also experienced a good one.

All change at the top

As CEO churn increases, more and more firms are seeking outside help to manage their leadership transition successfully, says Martyn Sakol.

Lack of succession planning threatens thousands of businesses

The future of tens of thousands of small businesses across the UK is in doubt because their owners are failing to put in place effective succession planning.

Latest book reviews

MORE BOOK REVIEWS

Work Happier: How to be Happy and Successful at Work

Work Happier: How to be Happy and Successful at Work

Mark Price

An expertly crafted guide that doesn't just theorise about workplace satisfaction but provides a clear roadmap to achieve it.

Today Was Fun: A Book About Work (Seriously)

Today Was Fun: A Book About Work (Seriously)

Bree Groff

The solution to improved performance isn't productivity hacks or better time management � we just need to inject more joy into our time at work.

Relationship Currency

Relationship Currency

Ravi Rajani

In an era where AI can draft emails and manage our schedules, 'Relationship Currency' is a timely reminder of the importance of investing in genuine human connection.