Coaching for Leaders

153: Where to Start with Succession Planning, with Bill Bliss

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Bill Bliss: Success In the C-Suite

Bill last appeared on episode #118: What’s The Difference Between Management and Leadership

Myths and stopping points of succession planning
  • The organization is only mine (I own it)
  • The organization is too small
  • I don’t know how to create a plan
  • In reality, a lot of people just don’t want to make the hard decisions.

    • Succession planning strategies and principles:

    1. Development of leaders requires an investment of time and money
    • Look at where the company needs to be five years from now – that’s where the discussion starts
    • Then determine the competencies that will need to be ready at that time
    • “The number one role of any leader is to identify and prepare their successor.” -Bill Bliss
      • 2. Successful leadership development is a multi-faceted approach
      • Bill mentioned the Center for Creative Leadership as a resource
      • Mentorship is valuable for some organizations, as is experiential leadership
      • Coaching is also very valuable for individuals
        • 3. Backup succession plans are a necessity, not a luxury
        • Don’t place all your eggs in one basket
          • 4. Legacy leaders must learn to completely let go
          • Develop interests outside of the organization if you are leading and plan to leave
            • 5. Leaders willingly subordinate their own pride and ego for the sake of the success of the organization

            Step one: where is the organization going to be 3-5 years from now?

            “Begin with the end in mind.” -Stephen Covey

            Practical Action
            • What action are you taking on your 3-5 year action plan?
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