Many companies in Nigeria are not prepared for a succession emergency, and many more are unaware of the consequences of having no Succession Plan. A founder who suddenly dies without a succession plan generates a shock that the business may never recover from. It is alarming that many organizations depend on a last-minute hiring process to fill in vacant leadership positions. This is an unconscious hindrance to business survival. Here are some risks associated with not having a succession plan …
Category: Succession Planning
Do you know that many businesses in Nigeria do not make it to the next generation because they do not have a succession planning strategy? What Is Succession Planning? Succession planning is the strategy for identifying and developing future leaders for major roles at all levels in your company. There have been many cases of skilled old leaders resigning, retiring or dying without a successor to take on their role effectively. Is your company prepared for succession emergencies? Under the best circumstances, surviving …