Cost of Succession Plan

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Cost of Succession Plan
Ashley Robinson-Medley, Student, United States

How would you define the cost of implementing a succession plan?

Cost of Succession Planning
Barrett W. Horne, Consultant, Canada
Perhaps a more relevant question might be the cost of NOT having a robust succession management strategy (which includes succession plans). e.g. the cost of losing critical corporate and/or technical expertise, the cost of an organization 'floundering about' until and unless key leadership is replaced, etc.
A very helpful book around this subject is: "Effective Succession Planning: Ensuring Leadership Continuity and Building Talent from Within" by William J. Rothwell (4th edition, 2010).



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