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Business Succession Planning For Dummies
Wiley, 2012. — 264 p. — ISBN: 1118095146, 9781118095140The fast and easy way to get a handle on business succession planningWhile the demand for effective managers continues to grow, the retirement of baby boomers is producing a sharp decline in the ranks of available management personnel. In addition, the executives of the future are expected to be more sophisticated in order to develop and lead new global and technological initiatives. For these reasons, strategic and often long-sighted succession planning for the eventual replacement of managers at all levels has reached a critical level.Business Succession Planning For Dummies aids managers, human resource professionals, and upper management in cultivating and retaining their existing employees to ensure the availability and capability of persons to assume leadership roles in the future. In plain English, it prepares business owners to ask the difficult questions when it comes to developing a working succession plan for their businesses key positions. This book also offers information on how to retain and train personnel within an organization so that a more seamless transition can be made when a senior leader or other important personnel retires or leaves the organization.How to retain and train personnel for a more seamless transitionEasy-to-follow guidance on developing a working succession planTips to create a plan to save time, money, knowledge, and clients by hiring from withinIf you re a manager or human resources professional looking to develop a working succession plan, this hands-on, friendly guide has you covered.Table of Contents:IntroductionWhat Is a Succession Plan, and Why Do You Need One? Sowing the Seeds for Long-Term Success Why Succession Planning Matters Pinpointing the Right Type of Plan for Your Organization Creating a Plan and Putting It into Action Preparing the Plan: Six Steps to Success(ion) Implementing the Plan Evaluating the Plan’s Implementation Overcoming Obstacles in Implementing Your Plan Diving Deeper into Succession Planning Covering Key Positions in Your Succession Plan Figuring Out What You Need in a Successor dentifying and Developing Successors within Your Organization Aiming for a Smooth Transition Keeping the Succession Ball Rolling Making Great Exits Maintaining Your Plan in Today s Changing Workplace The Part of Tens Ten Mistakes That Sabotage Succession Plans Ten Ways to Keep Your Succession Plan Alive Index
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