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What happens when an executive leaves your company? At what point does the overwhemling dread set in? Who will replace that person?
Questions to ask yourself:
- Do we have the leadership bench strength to facilitate our projected growth?
- What does it cost us to fill a key leadership vacancy with someone from outside the company?
- Do we compromise leadership quality just to fill openings?
- How has our business environment changed over the last few years?
- How many of our current executives say they were well prepared for their role when they first took it?
The easiest and best solution is to have a pool of internal candidates who are ready to step in—and step up—to take a leadership role and move your organization ahead. These internal candidates will be trained, well versed in your corporate culture, and best of all, available immediately.
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