For Foundations, Succession Planning Should Be a High Priority

credit: c/o bangorareashelter

Diana Davenport of the Commonwealth Fund examines keys points when considering anticipated vacancies in higher leadership positions and how to prepare in the case in order to avoid seeking to fill such slots in an emergency situation.

That very real possibility is also why Davenport directs to build two plans, the first for just that- an immediate vacancy will need an emergency succession plan. It is then advised always to keep a formal succession plan so as to make a leadership transition smooth.

Ultimately, it is the goal to achieve smooth transitions and prevent chaos: internal candidates, preferably, are prioritized and individually prepared over time frames that coincide with a formal plan and backed with an emergency plan. This kind of planning will keep progress and growth the company's directive.

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