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A 2004 CIBC survey suggests that succession planning is increasingly becoming a critical issue. The CIBC estimated that by 2010, $1.2 trillion in business assets would be poised to change hands. [10] Research indicates many succession-planning initiatives fall short of their intent. [11] "Bench strength", as it is commonly called, remains a ...
CEO succession is the process by which boards of directors of an organization ensure that it can transition to a new CEO when their existing CEO retires or can longer carry out their CEO position. It is a part of succession planning to ensure continuity in leadership from one person to the next holding the CEO position.
Talent management (TM) is the anticipation of required human capital for an organization and the planning to meet those needs. [1] The field has been growing in significance and gaining interest among practitioners as well as in the scholarly debate over the past 10 years as of 2020, [2] particularly after McKinsey's 1997 research [3] and the 2001 book on The War for Talent.
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;
Scouller's model aims to summarize what leaders have to do, not only to bring leadership to their group or organization, but also to develop themselves technically and psychologically as leaders. The three levels in his model are public, private, and personal leadership:
Functional leadership theory (Hackman & Walton, 1986; McGrath, 1962) is a theory for addressing specific leader behaviors expected to contribute to organizational or unit effectiveness. This theory argues that the leader's main job is to see that whatever is necessary to group needs is taken care of; thus, a leader can be said to have done ...
The programs of NCHL are supported primarily through membership fees contributed by organizational members. [1] Participants in NCHL's membership programs vary based on the specific program, but they generally involve leaders who are responsible for a specific leadership activity within their own health system or university, such as healthcare leadership development, international healthcare ...
The chief nurse is a registered nurse who supervises the care of all the patients at a health care facility. The chief nurse is the senior nursing management position in an organization and often holds executive titles like chief nursing officer (CNO), chief nurse executive, or vice-president of nursing. They typically report to the CEO or COO.