The Succession Planning Process – Stage 3

About the Episode

If you’ve had the opportunity to listen to our prior two episodes on the Succession Planning Process — which we recommend you do — it’s safe to assume that we are all on the same page that putting thoughtful time and planning into an organization’s succession plan is essential.

Our Succession Process is a 3-stage, 9-step program that was intentionally designed to help create a methodical plan for business owners who might be looking to transition their role in the business over the next 5 to 7 years. In the prior episodes, we gave a process overview and focus on Stage 1: Exploration and Foundation and Stage 2: The Next Chapter and Transition.

Today we wrap up our Succession Planning discussion with a framework overview of Stage 3: The Development and Communication. This is facilitating the transfer of skills, best practices and as well as governance planning and communication timelines. We are aiming for an effective flow of information at targeted times to keep the organization, and its stakeholders, aligned with the progressive steps of the SPP.

To learn more about our Succession Planning Process, click here.