Nuances of Succession Planning in the Organizations Free Essay Example, 1750 words

Once the successor is selected, the main phase of his career planning or grooming for handling things at the highest level begins. Most family-owned businesses lack in this professionally oriented grooming and training due to inherent complacencies of an assured future, which leads to complications due to personal rather than a proficient outlook. In extreme cases, this has even resulted in splitting up of large businesses into smaller units due to family feuds, sibling rivalries, and mutual disagreements over leadership and ownership aspects. In the honest opinion of this author, such unpleasant dissections and associated negative publicities could have been avoided simply through proper succession grooming. Sadly, the lessons are never learned and succession training to develop the right competencies has never been given due importance. One aspect inhibiting proactive approach may be due to perceived and misplaced feeling of indispensability among the top management. The successio n planning overcomes this very indispensability of an individual. Everyone becomes dispensable then. These conflicting perceptions can also lead to the serious predicament for companies if a successor is required urgently and his appropriate grooming has not been carried out. We will write a custom essay sample on Nuances of Succession Planning in the Organizations or any topic specifically for you Only $17.96 $11.86/page Appraisal of current job performance forms the backbone of the report. His potential to perform in the future normally gets only a cursory glance. Unfortunately, his future potential is more important for an organization than his current or past performance.