Succession Planning | Case Study Template
While some CEO turnover is organic and inevitable, most can be attributed to faulty succession planning. Despite its status as a global brand and giant in the consumer-packaged-goods industry, The Coca-Cola Company Coca-Cola is no stranger to issues with their succession planning. SIGMA believes in ongoing learning and development. One of the most efficient ways to do this is to learn from the successes and failures of others. Like Coca-Cola today, you can get succession planning right. We provide full-service succession planning, custom consulting, and a range of templates and resources. We also offer a number of succession planning workshops.
Diverse Succession Planning
While organizations realize that succession planning is an important priority, few manage to orchestrate it well. The solution may lie in an approach that better melds data-driven and people-centric elements of the process. Most organizations came to realize years ago that current and future success is heavily based on having the right leaders in the right roles at the right time.
It also aids in continuity within the organization. In this paper I will discuss four elements of a succession plan that is needed to be assessed for a successful plan program: 1 roles and responsibilities, 2 recruitment strategies, 3 retention strategies, 4 training and development. This plan may persuade talented employees to remain with the organization versus looking for talent growth elsewhere. The strategic goals of the organization must be identified for the practical design and execution of succession planning.