1. More than one successor should be designated. The individual must be nurtured and continually assessed. Succession planning does not begin and end with identifying a successor. Gaps in a potential successor's work experience must be identified and bridged.
2. Successors shouldn't be treated as crown princes.
3. Successors and other players must meet key performance indicators (KPI). ideally the KPI should be benchmarked against performance rather than achievement.
1. McDonald
When Jim Skinner took over as CEO from two previous incumbents died suddenly in 2005, he often asked his managers to nominate people who could take over their position. When COO Don Thompson took over CEO in 2012, Skinner was confident about his successor's ability because he had spent seven years mentoring Thompson.
2. Badminton Association of Malaysia (BAM)
It isn't clear who BAM has designated as the successor to top world singles player, Datuk Lee Chong Wei. Given Koo Kien Keat and Tan Boon Heong dismissal performance, many has wondered why they are still being considered for the World Championships in August?
3. Manchester United (MU)
Sir Alex Ferguson's toughness in dealing with star footballers at MU should be emulated. His legendary 'hair dryer' spared no one.
Effective implementation is the key to a successful succession plan.
Shared from:
theSun ON MONDAY, June 17, 2013
Making Sens By Tan Siok Choo
Effective Succession Plans
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