Strategic Management and Leadership – The Baton Needs to be Passed on to the right People – Part 2

By: ActionCOACH

In the previous blog, we talked about succession planning and its importance for organizations. In this blog, we are going to talk more about strategic management and leadership development and steps that need to be taken to help your organization get started.

To design a powerful succession plan, organizations need to carefully determine the most relevant vulnerabilities and plan comprehensive timelines along with accurate metrics for assessment and evaluation.

Listed below are steps to help you get started:

Determine Primary Leadership roles and assess the qualification of Internal Candidates

For a succession plan concerning top level executives, careful identification of leadership roles and positions that need to be filled is of paramount importance. Once you have a clear purpose and plan in mind, you’re all set to move on to the next stage that requires you to find out people having leadership potential and qualify internal candidates that are capable of filling the position perfectly.

Evaluate the Current State of Affairs

Once you have carefully assessed people that have leadership potential from your existing workforce, their state of development needs to be carefully analyzed against set standards and timeline. Each candidate needs to have a well-defined action plan along with necessary checkpoints that align with your overall strategy. The primary purpose of this process is to prepare the candidate for the leadership role.

Regularly Modify and Monitor

Needless to say, a lot of efforts and resources go into the process. The process needs to be monitored continuously in order to make sure the process goes on smoothly. The action plan will need to be modified continuously according to changing requirements and conditions.

Bottom Line

While this does seem pretty challenging, in the long term, having a carefully planned succession plan, especially for top leadership positions, could heavily benefit organizations. After all, business continuity is the foremost priority and that’s exactly the objective of succession planning. The baton needs to be passed on to the right people!

About ActionCOACH

Brad Sugars founded the brand Action International in 1993 when he realized there was a disconnect between business advice and implementation. The answer was Action! Brad Sugars created a business coaching company so that business owners throughout the world can realize their goals in business. Today the company is known as ActionCOACH. To learn more about business, visit Brad Sugars Review blog!

Reason #1: Different styles and methods of business coaching don't work for everyone

It's important to be honest with yourself and conduct a realistic assessment when it comes to business coaching. Though business coaching can have many benefits, it might not work for everyone.

Every individual brings their own experiences and values to the coaching dynamic, so results will vary. Additionally, some individuals might need more than just a coach. They might also need specialised knowledge or communication strategies specific to their industry or target audience. Below are a few key factors to consider:

Reason #2: There is no clear focus or vision (talk about time dedication here too)

cIt's important to be honest with yourself and conduct a realistic assessment when it comes to business coaching. Though business coaching can have many benefits, it might not work for everyone.

Business coaching is an effective tool for developing a clearer focus and vision for growing your business. A good coach will help you to take a comprehensive look at your strengths, weaknesses, and available resources that can be used to reach those goals. They will also help you draw up action plans with step-by-step instructions to get there.

By providing honest feedback and being patient throughout the process, a business coach can make sure that you’re on the right track. This will enable you to set realistic milestones and tasks.

These tasks may need dedicated time outside of coaching sessions. For example, a coach might help a client develop a marketing strategy or implement new systems for managing employees. However, if the client does not have enough time to devote to these tasks outside of coaching sessions, progress will likely stall.

Both the coach and the client must have enough time available to reflect on past experiences, brainstorm new solutions, and test out different strategies. If either party is rushed or distracted during coaching sessions due to other commitments or obligations, they may struggle to fully engage in this process.

Effective business coaching also requires a commitment to regular meetings and ongoing communication. If either the coach or the client does not have enough time to dedicate to these meetings, progress may be slow or nonexistent.

It's important to recognise that business coaching is an ongoing process that takes time to yield results. While some clients may see improvements after just a few sessions with their coach. Others may need months or even years of consistent effort before they begin seeing real changes in their businesses.

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