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Ali Robertson — June 12, 2020 For many owners, the thought of selling their business is a painful one. After years of building up the business from scratch, it is a difficult decision to pass over the reins to someone else. Other than the obvious emotional issues around selling your business, there are numerous other … Continue reading Succession Issues? The Management Buy-out Solution
Beth Thornton — March 5, 2020 Creating a succession plan for your organization can be a daunting task to complete. If you already have a plan in the works, congratulations! Where do you go next? It’s important to continually implement and optimize your strategy. While succession planning can seem like a “set it and forget … Continue reading 5 Succession Planning Optimization Secrets You Can’t Miss
Darleen DeRosa — January 6, 2020 With a new year on the horizon, it’s natural to start thinking about potential resolutions for 2020. Unfortunately, more than three-quarters of those resolutions won’t make it past February. While there may not be much harm in not reading as much as you intended or failing to prepare to … Continue reading Succession Planning Strategies for the New Year
Darleen DeRosa — November 27, 2019 Follow @onpoint_llc Although most organizations have identified attracting and retaining talent as one of the most important concerns facing their business, many of them have struggled to implement comprehensive succession planning strategies. This has unfortunately led to many leaders stepping into critical roles without the preparation they need to … Continue reading What Are the Main Objectives of Succession Planning?
Darleen DeRosa — October 27, 2019 Follow @onpoint_llc Selecting the right person for an executive leadership role is one of the most difficult tasks an organization faces. If the candidate is not a good fit for any number of reasons, such as lacking key skills or not aligning with the company’s culture, their tenure is … Continue reading Understanding the Value of an Executive Succession Plan
Darleen DeRosa — March 8, 2019 Follow @onpoint_llc — March 8, 2019 When it comes to identifying and developing future leaders, ignorance can be costly. Without a robust succession strategy in place, companies run the risk of spending valuable resources promoting leaders who turn out to be the wrong fit and must ultimately be replaced. … Continue reading How To Avoid the Enormous Costs of Poor Succession Planning
Rick Lepsinger — November 29, 2018 Follow @onpoint_llc — November 29, 2018 rawpixel / Pixabay Succession planning is a crucial component of sustained organizational success. Some measure of turnover is inevitable for any company, and the financial costs of not filling those vacancies quickly can be significant. A 2013 Mercer study even estimated that these … Continue reading Top 4 Benefits of Using a Consulting Firm for Succession Planning
Darleen DeRosa — November 28, 2018 Follow @onpoint_llc — November 28, 2018 styles66 / Pixabay When it comes to grooming future leaders, organizations already have a tremendous resource in the form of their existing leaders. By encouraging these leaders to become mentors, they can not only pass along their experience and institutional knowledge, but also … Continue reading How to Use Mentoring in Succession Planning
Darleen DeRosa — November 8, 2018 Follow @onpoint_llc — November 8, 2018 Today’s organizations face many challenges in the dynamic global economy, some of which include technological disruption, rapidly shifting customer demands, and public pressure from activist groups. The average CEO tenure for publicly traded companies is only five years, with the average employee tenure … Continue reading 4 Top Benefits of Leadership Succession Planning
John Zorbini — October 19, 2018 — October 19, 2018 nattanan23 / Pixabay “The ability to make good decisions regarding people remains one of the last reliable sources of competitive advantage, since very few organizations are good at it.” –Peter Drucker What would you do if a key employee in a critical position suddenly resigned, … Continue reading Succession Planning: Planning for Success
