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Growing Your Company’s Leaders

How Great Organizations Use Succession Management to Sustain Competitive Advantage
By Robert M. Fulmer, Jay A. Conger
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# 15min reading time / 20min listening time
About the Summary

For decades, succession management identified replacements for senior executives who, it was assumed, would eventually depart the organization through death or retirement. In many companies, the planning for succession was one of several “annual events,” without much thought given that the process could be deployed to develop and/or retain talented employees. These days, good workers are often lured away to competing organizations, and companies without strong succession processes are left hanging. Authors Fulmer and Conger explore how the competition for talent is changing, and how several best practice companies have used succession management as a source for strategic advantage.

In This Summary, You Will Learn:

  • Why there is a sudden renewed interest in succession.
  • Who “owns” succession management.
  • New methods for defining and identifying talent.
  • Measuring strategies to ensure long-term success.
Human Resources HR Strategy Succession Planning
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