Success Depends on Strong Succession Planning.

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Category: Professional Perspectives

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Pat Nazemetz, former Chief Ethics Officer at the Xerox Corporation, believes succession planning, although often neglected, is vital to every organization. Of course succession planning and succession development are two distinct processes, and companies (or board members, rather) often focus on planning at the expense of development. Succession planning could really be another facet of talent development. Spot talent early with easy-to-use metrics and begin coaching leaders to move through the company and gain as much experience as possible.