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  2. Succession Planning: Finding and Grooming Your Replacement - AOL

    www.aol.com/news/2014-02-26-succession-planning...

    Of course, you may need to modify this plan to suit your circumstances. 1. Form a small selection committee: for example, your boss, a key coworker(s) and key customer.

  3. Succession planning - Wikipedia

    en.wikipedia.org/wiki/Succession_planning

    Through one's succession-planning process, one recruits superior employees, [citation needed] develops their knowledge, skills, and abilities, and prepares them for advancement or promotion into ever more-challenging roles. Actively pursuing succession planning ensures that employees are constantly developed to fill each needed role. As one's ...

  4. William J. Rothwell - Wikipedia

    en.wikipedia.org/wiki/William_J._Rothwell

    Rothwell developed a model on Succession planning that is used by human resource professionals [11] and is also included in Canadian Libraries and Librarianship's section on Succession planning [12] From his work on succession planning, Rothwell has broadened his research and practice on the succession topic.

  5. Employee Stock Ownership Plan - Wikipedia

    en.wikipedia.org/wiki/Employee_Stock_Ownership_Plan

    Many closely held companies have little or no succession plan in place. As a result, the day a founder or primary shareholder leaves the business often results in significant adverse consequences for the company, the employees, and the exiting owner. ESOPs offer transitional flexibility that can facilitate succession planning.

  6. How Can I Make a Succession Plan For My Family Business? - AOL

    www.aol.com/succession-plan-family-business...

    Who takes over the reins of your family business when you step down is a critical question for the long-term success of the business. The issue becomes even more complex and sensitive when dealing ...

  7. What the Grateful Dead can teach CEOs about succession planning

    www.aol.com/finance/grateful-dead-teach-ceos...

    Bandmates John Mayer and Bob Weir—with a 30-year age gap—show business leaders how effective succession works. ... The longtime musician has a 300-year plan for the Grateful Dead’s music to ...

  8. Human resource management - Wikipedia

    en.wikipedia.org/wiki/Human_resource_management

    Maintenance: involves keeping the employees' commitment and loyalty to the organization. Managing for employee retention involves strategic actions to keep employees motivated and focused so they remain employed and fully productive for the benefit of the organization. [29] Some businesses globalize and form more diverse teams. HR departments ...

  9. Leadership development - Wikipedia

    en.wikipedia.org/wiki/Leadership_development

    For such a plan to be successful, a screening of future leadership should be based not only on "what we know and have" but also on "what we aspire to become". Persons involved in succession planning should include current leadership members who can articulate the future vision. Three critical dimensions should be considered: Skills and knowledge;

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