3
Preparation Phase
This phase starts with assembling the right succession planning team that knows the purpose of the initiative, including what the expected outcomes are, and follows a checklist to make sure the process yields the desired long-term results.
Daniel Feiman, quoted in Forbes, “Five Steps to Assure
The Future Of Your Business,” by Henry DeVries1
Plans are worthless, but planning is everything.
World War II leader and US President
Dwight D. Eisenhower
The preparation phase is the foundation of effective succession planning. It sets the strategic framework and ensures that every subsequent step is aligned with the organization’s long-term objectives.
You may remember our earlier reference to the fivep’s. Well, here is where the “rubber meets the road.”
The planningprocess is where the value is. I have seen this many times over in a variety of organizations, in ma