April 12, 2023

The Succession Gap

33 minutes

There is a Succession Gap that goes hand-in-hand with the Generation Gap in the workforce. This is acutely felt in family-owned businesses, where older generations are forced to stay on longer because the succeeding generation is either unprepared or unwilling to step into senior leadership roles. Phillip Brooks, Founder and Chief Coaching Officer of Fresh Perspectives, LLC, speaks with us about the Succession Gap. Phillip is a family business CEO and talks about his observation on the Succession Gap, its causes, impacts on organizations, and possible solutions. We also discuss how this impacts other sectors, including healthcare and corporate organizations.

Our conversation covers the following:

Inside-Out Succession Planning

Career wishes for younger generations

Cultural scaffolding

Connecting Mentorship from older to younger generations, especially in family businesses

Tools/Resources

https://hbr.org/2016/12/succession-planning-what-the-research-says

https://www2.deloitte.com/content/dam/insights/us/articles/4772_Leadership-succession/DI_Succession-planning.pdf

HappiGenius - App to raise emotionally intelligent children

Connect with Phillip Brooks with Fresh Potential LLC at: www.freshpotential.com.

Leadership Lessons from An Apple Orchard By Phillip Brooks

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