Wednesday, November 7, 2012

Passing the Baton: What’s So Hard About Succession Planning?


a reprint from StrategyForcusedHR.Blogspot.com

One of the things I did best was provide a successor. Adam has the respect of the owners and the players, he has expertise in the very important areas of social media, international and television, all of which report to him.”
That was a statement this week from the commissioner of the National Basketball Association, David Stern, in announcing his retirement. Stern steps down on Feb. 1, 2014, 30 years to the day after taking charge of the league, and he will be replaced by Deputy Commissioner Adam Silver.

“I decided that things are in great shape and there’s an organization in place that will ultimately be led by Adam that is totally prepared to take it to the next level,” Stern said.

As the saying goes, “That’s what I am talking about.” I could almost see Stern’s checklist:
  • Identify new skill set needed for the future;
  • Hire for replacement;
  • Groom/Mentor with other needed skills;
  • Make the appropriate introductions as needed;
  • Work side-by-side as a true partner;
  • Announce retirement;
  • Pass the baton.
What’s so hard about succession planning?