Worried About Your Succession Plan? Focus on Your Processes, Not Your Leaders.
Turnover is going to happen. If you are prepared, it won't hinder your success or growth.
By Josh Rovner • Feb 18, 2021
Opinions expressed by Entrepreneur contributors are their own.
Many companies are very concerned about "succession planning" or not having a strong "bench" of talent in the company. They do a number of things, like 9-box talent reviews and leadership training, to try to combat this issue. These things are fine and generally helpful, especially at higher levels in the company. But it's often more important to have well-defined and documented processes than succession planning.
Having good processes ensures effectiveness and scalability even if a strong leader or other key employee leaves. There are three key ways to give your company great processes:
Continue reading this article — and all of our other premium content with Entrepreneur+
For just $5, get access to a ton of exclusive content and resources that will help grow your entrepreneurial mindset. You’ll find:
- Exclusive content from our network of today’s leading CEOs and business strategists
- Receive our flagship Entrepreneur Magazine - free!
- No more ads, and get access to the Entrepreneur+ homepage
- Free E-books written by our staff and other industry thought leaders
