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Oi Partners, Inc.

a better human experience...for a better business outcome.

Succession Planning Success


September 2007


In this issue:

Please let me assist you with your company's Succession Planning.

 

 

Tim Schoonover

President & CEO

Promark Company/OI Partners Inc.

513-768-6506

tschoonover@oipartners.net

www.promarkoi.com

Carla Messer, Vice President Client Solutions,  works with local companies to design  services related to and including individual executive coaching, leadership development and team building retreats.  Carla's energy is contagious and it motivates everyone around her. She loves a challenge and has the ability to meet and exceed expectations.  Carla can be reached via email at messer@promarkoi.com.

Hello Friends:

Of all the issues facing senior management teams, succession planning is one of the most challenging. It requires the ability to critically and accurately assess not only an organization's current talent but to also be able to predict the needs of the future. 

If your organization is already involved in succession planning, there are some points raised in these articles that can act as a checkpoint as to whether your system is focusing on the right issues.  If your organization is in the early thinking stages related to succession planning, then the articles will provide you some ideas on how to frame this conversation with your senior management team.

Sincerely,
Tim Schoonover

President & CEO

Promark Company/OI Partners, Inc.

tschoonover@oipartners.net

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Impact of Failing to Do Succession Planning


Executives often begrudgingly admit that succession planning is something that should be done but often believe it’s an impossible task.  However, the impact of not engaging in succession planning can hit an organization on several levels.

Creative Metrics in Succession Planning


Identifying capable leaders will ensure that solid performers are identified and developed for each critical position. Turning to those who currently hold those key positions can provide creative metrics which enhance traditional best practices in succession planning. 

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Succession Done Right the First Time Around


In an ideal world, a CEO selects and preps a successor, simple as that. Unfortunately, there’s a big gap between the ideal and the real, because outgoing business leaders unknowingly take the wrong approach to succession planning. Here’s how to do it right.

Breaking Up Is Hard to Do - Succession Planning for Professional Services Firms


A smart professional services firm will plan for the retirement of a partner well in advance. Here are critical ideas that firms must take into account in order to successfully plan for the exit of a partner.

6 Succession Planning Myths - Debunked


According to a recent study, many firms do not have a succession plan in place for many reasons, most of which are unfounded. Here are 6 of those myths.

 

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