May 28, 2024

Navigating Succession with Purpose and Clarity with Brooke Hodnefield

1 hour 3 minutes

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Information isn’t the gap between failure and success—action is. Path for Growth’s 1-on-1 coaching helps you create a plan and execute on what matters most for your business. Apply today at pathforgrowth.com/coaching.
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You may not think your business needs a succession plan, but laying the groundwork early will allow your organization to thrive through periods of transitions, not just survive them. Slingshot Group VP Brooke Hodnefield is an expert at helping businesses navigate leadership succession, and today she’s joining Alex to share some of her wisdom. They discuss why it’s so important to think honestly and strategically about the concept of succession, whether you’re preparing to leave or plan to stay at your organization for years. Brooke then breaks down 3 different models of succession, including the benefits to each and the common pitfalls to avoid.

Succession can create massive rewards or massive challenges for your organization (0:00:40)

Why are you and your team so passionate about succession? (0:02:13)

What would you say to the leader who doesn’t want to think about succession? (0:09:33)

The Case for Stability: How do we weigh the cost of transitions? (0:14:01)

How can organizations approach this topic with honesty? (0:22:04)

Stop and Go Succession: Benefits and pitfalls to avoid (0:31:29)

Intentional Interim Succession: How to set the successor up for the future (0:40:17)

Overlap Succession: Keep an eye out for these traps if you choose to overlap (0:48:57)

Succession is tactical, but it’s also emotional (0:53:35)

What’s one action leaders can take today? (0:58:03)

Helpful Links and Resources

Slingshot Group Website

Connect with Brooke on LinkedIn

Try Path for Growth 1on1 Coaching Free for 14 Days

Download the Free Reading Guide

Connect with our Founder Alex Judd on LinkedIn and Instagram

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If you’re ready to move beyond just gathering information and start executing on what truly matters, Path for Growth’s 1-on-1 coaching can help. Apply now at pathforgrowth.com/coaching.
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