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Succession Leadership is the Success Lynch Pin for Individuals, Businesses and Organizations

Written by: Leanne Hoagland-Smith

Article Overview: What makes some individuals to organizations more successful and sustainable than others? The answer simply is great and effective leadership. Much is written about leadership. Bad leadership spells disaster!

Succession Leadership is the Success Lynch Pin for Individuals, Businesses and Organizations

What makes some individuals to organizations more successful and sustainable than others? The answer simply is great and effective leadership. Much is written about leadership, as well it should, because bad leadership spells disaster!

In today’s business world, we see and hear of examples of failed, ineffective or just bad leadership. General Electric is one of the best examples were bad leadership has spelled disaster.

Under the leadership of Jack Welch who retired in 2001, General Electric grew to an international, multi-billion dollar. Since the new leadership of Jeff Immelt, the stock has dropped over 50% in the last 8 years. Now the firm is in survival mode instead of thriving mode. The decline in stock value began before the recent financial meltdown. Excuses can be made, but bottom line the reason for this decline is the bad succession leadership under the current Chief Executive Officer.

Closer to home, bad leadership can be viewed from regional business networking organizations to local governments. No matter the structure of any organization, be it for profit or not for profit, bad leadership will result in everything from a decline in customer loyalty to poor business results.

How to develop leadership that is effective has turned into an entire new industry that being succession leadership. With many baby boomers retiring, organizations are scrambling to develop great leaders from within and from outside of their ranks. Many of these firms are establishing their own Leadership Institutes to ensure succession leadership for the future viability.

Since succession leadership planning is gaining momentum, human capital talent management is now beginning to take a stronger hold within the global economy. Leadership Institutes within medium to larger firms are becoming far more commonplace than just a few year ago. This change in belief may also help to explain the increase in leadership coaching that small businesses to C Suite executives now embrace as a necessary business strategy.

Now, not later, is the time to start developing ethical and results driven leadership in your business by recognizing that succession leadership is the lynch pin to success. Implement a succession leadership program in your organization. Develop those hidden leaders and work with them to become leaders who will take your business to that next level of success.

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Article Tags: baby boomers, business networking, business results, chief executive officer, customer loyalty, effective leadership, financial meltdown, gaining momentum, global economy, great leaders, jeff immelt, leadership coaching, leadership institutes, local governments, networking organizations, poor business, regional business, stock value, survival mode, talent management



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