Succession Planning STILL the Elephant in the Room
Large segments of the business community are facing a serious succession gap with the loss of the huge post-WWII demographic, particularly in the financial and energy industries, yet there still seems to be a lack of will and/or capability to deal with this impending tsunami.
Common rationalizations from leadership are lack of time, money or resources to address the issue, or uncertainty as to the appropriate strategy or approach. Most organizations understand the critical NEED to deal with this situation, but the solutions are not simple, and serious planning will be required to successful negotiate this huge transition.
But here’s a thought: If you can’t get it done BEFORE the crisis hits, how will you do it when you’re missing one or more key players?
Large segments of the business community are facing a serious succession gap with the loss of the huge post-WWII demographic, particularly in the financial and energy industries, yet there still seems to be a lack of will and/or capability to deal with this impending tsunami.
