Leadership succession: an approach to filling the pipeline
Abstract
Purpose
This paper seeks to summarize the development of a systematic approach to assessing executive potential by studying a major medical device manufacturer that aimed at substantially increasing its pipeline of candidates for top executive positions through programs designed to identify and assess high potential leaders.
Design/methodology/approach
The study illustrates a range of issues pertinent to developing integrated approaches to succession planning, including identification of criteria suitable to the culture of the organization and its strategic challenges, sound assessment of candidates and integration of program efforts with development needs of high potential managers. The approach developed in the case provided consistent criteria for assessing leadership potential in a global corporation and relied on methods derived from assessment centers.
Findings
Events of the case led to the development of systematic and integrated processes promoting succession planning and executive development. The program has been well received by high potential managers and seems to have yielded benefits in retention of top executive talent.
Research limitations/implications
Since program development, 64 percent of candidates nominated with high degrees of confidence have been promoted and 70 percent have experienced either functional or cross‐business‐unit moves – compared with a 20 percent promotion rate and a 38 percent attrition rate for individuals not participating in the process.
Originality/value
The paper discusses the events that led to the development of systematic and integrated processes promoting succession planning and executive development.
Keywords
Citation
Brant, J., Dooley, R. and Iman, S. (2008), "Leadership succession: an approach to filling the pipeline", Strategic HR Review, Vol. 7 No. 4, pp. 17-24. https://doi.org/10.1108/14754390810880499
Publisher
:Emerald Group Publishing Limited
Copyright © 2008, Emerald Group Publishing Limited