Plan for Business Success - 6 Reasons to Succession Plan

Succession Planning provides many valuable assets to your business. Yet it is easy to do, with a game plan. Here are some reasons why the business leader will find it a useful issue to put some focus on.

  • Personal Development

    A manager starts to learn new skills. Far from the chaotic living from day to day, this is a new level, where the challenges really are evolutionary, for their employees and themselves. A chance to take the time to develop a strategic sense for the business or organisation. Unheard of in the past, now becomes a real possibility.

  • Plan

    One new skill is of planning ahead, further than the next days headcount. It helps to set a different perspective on their skills. To move them from survival mode to developmental and evolutionary. Leadership as well as managing.

  • Relaxation

    One of the truest tests of a manager, whether be they in a large, medium or small business, is how it works when the 'boss' isn't there. Many bosses hold so much, so close to them, that crises loom when they are away on vacation or off sick. A developed team, together with 'bubbling-unders', is a strong team, capable of coping on their own. So the boss can take a break and be refreshed for the new challenges to come.

  • Joy

    In an organisation where there are clear, focused plans for the future, supported key people and developing new employees, the mood is different. In fact, the engagement of their people is so good that the manager presides over a lot of fun, joy and happiness. That is a remarkably thrilling experience at the top of an organisation or team.

  • Input

    With much more discussion going on in an open and honest framework, employees begin to talk much more. They begin to see that they can help and create an impact. For managers this can be a bit challenging ? but they learn to trust and seek the help and support from their people too. That is massively more creative in say, problem-solving that going alone. Better, easier solutions are found.

  • Team Building

    Because each of the key players is involved in the process, they start to share their skills and knowledge. Partly because it evolves them as mini-managers, and partly because it is good to share. This a great group of people, working together to deliver excellent results brings a team ethic like never before. The team, of which the manager is of course a part, becomes the business.

    So what are you waiting for - there are resources out there, which are many times the value of their cost.

    Martin Haworth is a Business and Management Coach. He works worldwide with business owners and corporate leaders. He is the author of the Succession Planning Toolkit. Checkout the complimentary 7-day E-course! (Note to editors. Feel free to use this article, wherever you think it might be of value - it would be good if you could include a live link).

    In The News:


  • pen paper and inkwell


    cat break through


    Turning a Negative Employee Into a Positive Asset

    Several years ago, I took over the supervision of a... Read More

    Great Groups! - Getting a Group to Think Like a Genius

    Great Groups! - Getting a Group to Think Like a... Read More

    Minimising Conflict With Effective Communication

    Did you know there are 5 types of... Read More

    Mantra for Managers

    What do organizations look for in a prospective employee with... Read More

    Innovation Management ? some ideas are better than others

    Creativity can be defined as problem identification and idea generation... Read More

    How Managers Can Help Retain Their Best Employees

    A major problem for employers today is attracting the best... Read More

    You Cant Afford the Luxury of Disengaged Employees

    In today's business environment with increases in staff reductions and... Read More

    Getting Your Employees Attention Back to Work

    It is 9:00 am on a Monday morning. Do you... Read More

    Involving People Gave Us the Improvements We Needed

    We had a problem with handling materials in a production... Read More

    You Cant Not Communicate

    Most of us would like to be better communicators. As... Read More

    Empowering Others - Giving Them Some Control

    It's been a pretty good weekend around the place -... Read More

    Its a Training Issue!

    There's a common phrase used by Organizational Development and Human... Read More

    Must Project Managers Be Technically Savvy?

    "Must Project Managers be technically savvy?" This topic always seems... Read More

    Three Business Lessons From The US Postal Service

    There was a buzz in the air recently about the... Read More

    Money, Motivation, Success and Who?

    It was 7:30 on a Saturday morning, and I was... Read More

    Stomp Out Leeches In Your Company

    Recently, I felt appalled to see a political candidate running... Read More

    Knowledge Management - Creating a Sustainable Yellow Pages System

    How can I "know who knows" None of us can... Read More

    Communication in Business

    Effective communication in business is not about creating the perfect... Read More

    Christmas and Business Gifts for Your Clients and Employees!

    Tis' the season for business and corporate gift-giving! If you... Read More

    How to Say No

    Rejection hurts. No one likes to give it or to... Read More

    Summertime Blues

    It's hard to believe the year will be half over... Read More

    Avoid These Seven Deadly Dangers Of Outsourcing

    Here are seven dangers of outsourcing your software development. They... Read More

    Finding Common Ground Through Consensus Decision-Making

    It's clear to me that a workplace is a better... Read More

    Tales from the Corporate Frontlines: The Organizational Structure of Our Growing Business

    This article relates to the organizational structure competency, commonly evaluated... Read More

    Qualities of a Great Manager

    In the call center environment we are often only as... Read More

    Agendas Make Meetings Productive

    Having an agenda template that works well for you, week... Read More

    The Truth?

    The pure and simple truth is rarely pure and never... Read More

    Cold Water Comments - What They Are and How to Manage Them!

    Cold Water Comments - What They Are and How to... Read More

    Turbo-Charge Your Rollout with ERM

    Employees are the often-neglected stakeholders in the success or failure... Read More

    Employee Turnover: Is It Eating Up Your Profits?

    Keeping the cost of doing business down, yet providing a... Read More

    Using Employee Opinions Effectively When Designing HR Programs

    Using Employee Opinions Effectively When Designing HR ProgramsEmployee opinion is... Read More

    Dividing The Loot

    It is when the going gets better, that the going... Read More

    Rapport - How to Build it with Your Team

    I've often heard managers say - "My door is always... Read More