First Steps in Succession Planning (Johnson and Johnson)
Emmanuel Reyme, Director, United States
Succession planning, as Mr. Ifebigh points out, is crucial for the life of organizations. Succession planning varies with the organization and its projected future.
I have studied this subject and I do believed Johnson and Johnson has one of the best succession planning systems
. If you could review its infrastructure, you'll make a suitable investment.
However, no matter the structure and the vision of of your organization, the first step to implement is integrity
, comparable to the Johnson's. Everyone has to believe in the organization before they can proceed to the teaching aspect.
A perfect succession starts from the bottom
, the first day of being hired. The process continues at all levels through the top.
Please note that succession planning is more difficult to implement in family-owned operations
. That is why at retirement, most family businesses are sold or liquidated...