Essays on Succession Plan

Leader and Management Development

Introduction Leadership forms the backbone of any organization. This is because it entails offering direction, creating a sense of purpose and defining a strategic plan for the organization. Such aspects of leadership are important in ensuring the success of an organization in the long run (Yukl, 2013). For the leadership functions mentioned above to be successfully implemented, it is critical that the individuals in leadership positions show responsibility in their day-to-day undertakings. It therefore implies that leadership development has become a primary aspect of the overall management function. Leadership development is anchored on the character and behavior of the ...

Implementation of the Controversial Policy “The Condensed Work Week.”

For that reason, the new Human Resource Vice President should consider how to implement the condensed work week. It is clear that all employees in the organization suffer work burnout as indicated by the reduced productivity. A discussion with the CEO is necessary as she will need his support when implementing the plan. Some sections of employees will see it as a way of cutting them off before they can understand that the policy is meant to improve their overall performance (Burke, 2010). Lisa was the Human Resource generalist before the promotion and has, therefore, interacted with the workers. ...

Importance of mentorship and succession plans for health organizations

Health organizations implement mentorship programs and succession plans in a bid to ensure professional continuity and survivability. A mentoring culture aims at refining leaders who remain in the organization; thus, creating trust and loyalty (Gerald, et al., 2013). Additionally, mentorship improves inter-professional collaboration which benefits both the health organization and patients (Diane, Davidson, Odegard, Maki, and Tomkowiak, 2011). Successful mentorship programs result in improved teamwork, cohesion, and morale which consequently promote organizational performance. On the other hand, succession planning ensures proper coaching of junior employees as they prepare for promotion to the challenging levels of leadership (Gerald, et al., ...

Abstract

Public safety agencies have a tendency to ignore leadership succession planning and the formal development of future leaders. A combination of budget cuts, a lack of internal interest, increased public scrutiny, and politics means that public agencies often do not prepare for leadership changes. The average leadership tenure in the public sector has a reputation for being more extensive than the private sector, which is perhaps one of the reasons why public agencies do not place as much importance on succession planning. The average tenure of leaders in fire and rescue agencies is shortening due to increased job demands ...

Introduction

A family business is a profit-making entity that entails the significant roles of decision making, ownership, and leadership of the business being undertaken by several generations of a family. For a firm to be considered as a family business, the multigenerational element, and the unique family is fundamental (Carlock, Kets de Vries, and Florent-Treacy 12). Family businesses vary from size to industry; there are corner shops with a history of family ownership and leadership and similarly publicly listed multinationals, which share a similar foundation (Carlock, Kets de Vries, and Forest-Treacy 17). Internationally, there are numerous examples of family-owned businesses; ...

Succession plans are necessary in every organization no matter how convincing the organization’s future appears. A succession plan enables a company plan for uncertainties such as disaster, illness or a vacancy as well as planning for leadership. It gives employees the opportunity to share their views and reinforce the relations existing within departments. Succession planning involves assessing and determining internal employees that are suitable to fill up each significant position within the organization and the decision to groom them for such interesting roles through developing their skills as well as abilities (Charan, Drotter, James, 2001). To come up ...

Executive Summary

Family businesses have been making vital contributions to the British economy and the forecast indicates even more in the coming years. A typical family business in UK, Associated British Foods plc, has been performing consistently well for over 100 years. The company has built up portfolios in Sugar, Agriculture, Retail, Grocery and Ingredients segments and owns many of the most famous food brands. Starting with bakery products, the company has diversified into the other segments mostly by prudent acquisitions. The models generally used for analysing family businesses, namely the three circle model, the 12S model and the business canvas ...

Succession Planning in Organizations

Appointive posts in organizations always have a set time limit under which an executive officer or director serves. An organization can have a compulsory retirement age of 60 years for Chief executive officer (CEO) and other senior management officials. When these people are approaching this age limit, an organization began a roll out program to start looking for CEO five years before the current officer leaves the office. In this case, when the current CEO reaches 55 years, the company will be on the lookout who will be the successor. Succession planning is highly practiced in organizations for the ...

Introduction 3

Analysis of aging workforce 3 Succession Plan 4 Conclusion 5 Introduction Nowadays, HR techniques prefer to hire people of older age (above 50) and this is because older people with their experience and knowledge can manage things in a better way. Various studies have proved that people of older age can put more focus any task constantly than younger people. It is, therefore, considered to have older people in the workforce who can perform tasks with more concentration. When it comes to managing something, older people think from all sides; however, younger people being passionate and ...

Leadership Qualities of Steve Jobs

Apple has been spectacularly successful under the leadership of Jobs. It has introduced many product ideas that revolutionized the way people do things. It introduced the whole concept of desktop publishing with the Macintosh and whole new kind of entertainment package with the iPod and later the iPhone and the iPad. All of these innovations have been attributed to its co-founder and leader: Steve Jobs. Jobs never personally invented any of Apple’s products and innovations. They were developed by almost everybody else. Jobs has the uncanny ability to recognize the other uses, especially by the ordinary consumer, ...

California Lutheran University

Rayan Azhari Chapter I

Introduction

Succession planning is the process of identifying, recruiting, and training employees of an organization in order to equip them with skills necessary for enabling them to take up future top management positions. It entails training and evaluation processes to ensure that the respective employees are capable of effectively and efficiently handling all the management and leadership issues, they may face in the course of duty. Succession planning is an important part of everyday organization activities and, as a result, all organizations whether small; medium sized or even large must prepare for future succession possibilities. ...

Chapter I

Introduction Succession planning is the process of identifying, recruiting, and training employees of an organization in order to equip them with skills necessary for enabling them to take up future top management positions. It entails training and evaluation processes to ensure that the respective employees are capable of effectively and efficiently handling all the management and leadership issues, they may face in the course of duty. Succession planning is an important part of everyday organization activities and, as a result, all organizations whether small; medium sized or even large must prepare for future succession possibilities. Effective succession planning ...

California Lutheran University

May27, 2014 Introduction This chapter will make a conclusive argument of this study. By reviewing the arguments elucidated in chapter one, the findings of the review of extant literature in chapter two of the study and the results of the comparative case study in chapter four, this chapter will then make recommendations concerning the best way in which Ventura Health Agency and County Library should plan for leadership changes. The chapter will also make recommendations on the best way in which the two agencies should handle the challenges they face in succession planning. All these recommendations will be ...

Steve Jobs is a household name in every sense nowadays. He is a man who will be remembered even by generations to come. He will be remembered by many people because of his unique way of revolutionizing the world. He did this through sheer innovation and great sense of creativity. He took the world computer technology to a whole new level. He is a man who believed in making life easier and convenient for everyone. Though not perfect, his leadership quality is unquestionable as he oversaw the growth of Apple from its infancy to being one of the most valuable companies in the ...

Introduction

In every stable and successful organization, the task to replace the outgoing Chief Executive Officer is always daunting. The person offered the responsibility is always faces a great challenge of ensuring the company continues on a success platform. Failure to recruit a competent and the most suitable person for the job is always a possibility if some crucial factors are overlooked. In replacing the president for the baseball franchise team, one must engage in succession planning and management. Succession Planning and Management is the purposeful and systematic attempt by the company to ensure leadership continuity while at the same time retaining and developing ...

Executive Summary

The current economic downturn has occasioned new threats and opportunities that pose new challenges to American Operators Inc. The challenges American Operators Inc. currently faces are common across the manufacturing industry. However, others are unique to American Operators Inc. These challenges include; depressed demand, how to maximize the cost-benefit relationship using the existing system, how to insulate the company from future shocks, how to internationalize their market and how to tap into the anticipated future growth. To ensure American Operators Inc. meets these challenges, the Human Resource (HR) department has developed a 5-year Strategic Human Resource Plan that is in ...

Compare and Contrast Transformational and Charismatic Leadership

Abstract A leader is important as she helps the group in achieving its shared objective. It binds the group together and influences people to accomplish the shared goals. But, a leader may take different styles of leadership depending upon their personality and the situation. Transformational and charismatic leadership styles have been successful drivers in mobilising and influencing people. The paper attempts to understand the transformational and charismatic leadership styles and discuss the similarities and differences between them. The paper concludes that charisma is the key similarity between these leadership styles. But, they starkly differ in their basic focus, development ...

Q. Why was there no business succession plan at Lakkard?

There was no succession plan at Lakkard because of a series of factors that were not acted on to achieve a legal succession plan. There are 10 factors all forming the Succession Matrix; “owner motivation and perspective, personal financial planning, business structuring, business performance, strategic planning, leadership and management continuity, management synergy and teamwork, successor preparation, family dynamics, and family governance” (Rawls group). In looking at the business owner motivation and perspective, CFL did not fully understand the responsibilities that he had with the various stakeholders involved in the Lakkard Leather Company. While he fully understood those of suppliers and ...

Introduction

For the last few years, the proportion of aging population has continued to form a large portion of the total American population. This proportion is expected to rise in the near future as more people attain the age of retirement. There are about 78 million Americans who were born from 1946-1964 (Powell, 2010). This group commonly known as baby boomers has began attaining the age of retirement early this year and they are expected to continue in this trend for the next 18 years. For a long time this generation is known for its passion to remain young and many people ...