For organizations to succeed, they need to identify, develop, and support the leaders that will drive their future strategy. Effective succession management is therefore essential for continued business success.
But what do executives around the world really think about their succession initiatives? Do they have a view on what best practices should be, and do their organizations follow it? What do they consider to be the benefits of and the barriers to successful succession management?
Korn Ferry commissioned a global research project on succession management. The results raise some significant concerns over the risks businesses are taking, while at the same time presenting real opportunities for learning and change.
We’ve just launched the second report in our #SuccessionMatters series, focusing on the accurate identification of leadership potential. You can also watch three videos and once again we’ve included an infographic – giving you the complete talent picture.