Succession Planning is the real key for success/failure for many companies:
To make a successful succession plan you need to know/analyse:
a-The job requirements; b-Market requirements to fulfill this job; c-Potential of the inside management/talent pool; d-The need for extra talents and which level they have to enter the organization; e-Time frame of the promotions backing up the business plan of the company; f-Protection of stars/best talents by HR/High level management.
Many companies are losing at least 6 months to one year to replace CEOs and more than a year to replace their mentality. In this fast-moving world, this will not be enough to succeed. A good mixture of the insiders with outside know-how will bring success.
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