Most Fortune 500 companies have succession planning processes that have been in place for a number of years. Most Fortune 500 companies report concern over the lack of bench strength in their companies. They are very worried that they lack sufficient “ready now” candidates to replace planned & unplanned losses of key leaders. As a result, the future continuity and performance of the business is...

Best-practice organisations make succession management part of an overall drive to develop managers/leaders at all levels. Successful planning requires ongoing commitment and positive communication with all directly affected. Leadership skills, and the talent required, have to be dictated by an overall organisational strategy. Succession management needs to be integrated within recruitment, sel...