BarkerGilmore Blog 4 Steps to Creating a GC Succession Plan

While most companies acknowledge that a succession plan is crucial for business and leadership continuity, preparing and maintaining a succession plan is a time-consuming process. When the urgent needs of the business must be addressed, succession planning is often placed on the backburner and quickly forgotten. However, once one is able to take a step back and view succession planning as deliberate, routine leadership and professional development for one’s team members instead of preemptive preparation for retirement years or decades down the road, the process quickly becomes manageable, the benefits more apparent, and the rewards more readily reaped.