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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Rivaayat is an initiative by Shri Ram College of Commerce, Delhi to revive various dying art form and solve innumerable problems faced by the artisans. Rivaayat began with reviving a 20,000-year-old art form of pottery that is a means of survival for 600 families residing in Uttam Nagar, Delhi.