Succession Planning: A Team Review
To remain relevant organizations of all sizes must stay agile in order to respond to market changes. Planning is essential to keeping competitive edges sharp with the knowledge leaders; the talent, in the right place at the right time.
Sports team management is analogous to corporate succession planning. Successful coaches are always scouting, planning and looking to the future. Coaches prepare by watching the competition; keeping an eye on trends and bottom lines. Well managed teams leverage talent and look for skill gaps. This allows the coach to develop a strategy around grooming current players and search for key talent. This approach builds the organization in the direction of winning seasons!
Think of your company and its staff like a sports teams and take a look at your bench. Start making assessments of current skill base and identify what is missing. Base training and recruiting around meeting needs and raising the bar!
6 Questions to Plan for Your Team’s Future
It’s never too early to plan for the future of the company. Here are a list of questions to get you thinking about your own team.
- What direction is your industry heading?
- Are you and your staff ready for challenges ahead?
- What skills are in-house?
- Who are the rising stars?
- What skills do you need, and when?
- What training is needed, and when?
According to Watson-Wyatt research, only 24 percent of organizations are confident in their ability to staff leadership positions during the next five years. If you are looking to enhance your succession plan, I encourage you to check out our other articles on the difference between Succession Planning vs. Replacement Planning and How to Ease the Succession Planning Process. If you need further help, my colleagues and I have worked with several clients through the process of developing a strategic succession plan by identifying gaps, structure enhancements and and cost-effective and efficient workforce development plans. We’d be happy to speak with you if you would like additional resources.