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Episode

153: Where To Start With Succession Planning, with Bill Bliss

Coaching for Leaders
https://media.blubrry.com/coaching_for_leaders/content.blubrry.com/coaching_for_leaders/CFL153.mp3

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Bill Bliss: Success In the C-Suite

Bill last appeared on episode #118: What's The Difference Between Management and Leadership

Myths and stopping points of succession planning

  • The organization is only mine (I own it)
  • The organization is too small
  • I don’t know how to create a plan
  • In reality, a lot of people just don’t want to make the hard decisions.

Succession planning strategies and principles:

1. Development of leaders requires an investment of time and money

  • Look at where the company needs to be five years from now – that’s where the discussion starts
  • Then determine the competencies that will need to be ready at that time
  • “The number one role of any leader is to identify and prepare their successor.” -Bill Bliss

2. Successful leadership development is a multi-faceted approach

  • Bill mentioned the Center for Creative Leadership as a resource
  • Mentorship is valuable for some organizations, as is experiential leadership
  • Coaching is also very valuable for individuals

3. Backup succession plans are a necessity, not a luxury

  • Don’t place all your eggs in one basket

4. Legacy leaders must learn to completely let go

  • Develop interests outside of the organization if you are leading and plan to leave

5. Leaders willingly subordinate their own pride and ego for the sake of the success of the organization

Step one: where is the organization going to be 3-5 years from now?

“Begin with the end in mind.” -Stephen Covey

Practical Action

  • What action are you taking on your 3-5 year action plan?
  • Respond to that question on the show page and we'll enter you into a drawing to receive a free copy of Bill's book, plus feedback and encouragement from Bill and Dave.

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Topic Areas:StrategyTalent Development
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Coaching for Leaders Podcast

This Monday show helps you discover leadership wisdom through insightful conversations. Independently produced weekly since 2011, Dave Stachowiak brings perspective from a thriving, global leadership academy of managers, executives, and business owners, plus more than 15 years of leadership at Dale Carnegie.

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