Corporate Strategy

157. The Art of Succession


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Succession planning creates a complex challenge when you discover a talented team member lacks the critical skills needed to advance despite their strong desire to move up. 

• Valuable team members may excel in many areas but struggle with core competencies needed for advancement
• Breaking problems into smaller components can help develop skills, but some abilities like creative thinking are difficult to train
• Lateral moves can sometimes provide faster advancement opportunities than struggling in the wrong role
• Effective managers must invest significant time creating growth opportunities tailored to individual team members
• Honest conversations about career paths, though difficult, demonstrate care for employees' long-term success
• Building teams that can function without you is a sign of leadership success
• Corporate clawbacks, like demanding repayment of $1,500 in vacation pay due to HR error, demonstrate misplaced priorities

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Corporate StrategyBy The Corporate Strategy Group

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