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Summary:

Gerry McDonough leads the Advanced Human Capital practice within Ankura, where he also developed the firm’s proprietary Human Equity Value methodology and Culture Key culture measurement system. Prior to joining Ankura, Gerry ran his own human capital consulting firm for 23 years, where he worked on everything from organizational design to executive development and succession. 

In this episode, Gerry shares his thoughts on succession management and the value it can bring to an organization when done well. 

Chapters:

[0:00 - 3:26] Introduction

[3:27 - 9:05] What are the issues with conventional succession management

[9:06 - 20:54] Pragmatic improvements to make succession planning more effective

[20:55 - 27:10] Succession planning for all levels of an organization

[27:11 - 30:04] Final Thoughts & Closing

Quotes:

“86% of leaders believe leadership succession planning is of utmost importance—only 14% think their organizations are doing it well.”

“All too often organizations think it's up to the manager to determine a succession plan for their direct reports. That's a little backwards, right? It's got to be a two-way street. . . . It's up to those team members to [think about their career aspirations].”


Contact:

Gerry's LinkedIn
David's LinkedIn
Dwight's LinkedIn

Production by Affogato Media
Podcast Manger: Karissa Harris

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Produced by Affogato Media