Succession Management

Developing strong future leadership within your organization
is critical to competing in an ever-changing business environment. Farr's innovative process for Succession Management will cultivate skilled, motivated future leaders within your organization through a dual approach:

• Building your "bench" -- targets talented up-and-comers within your organization and develops them into their full leadership potential, equipping you with a trained group of next-generation leaders
  
  
• Executive transition -- after building your "bench," the process continues as you transition individuals from this trained group into higher-level management and executive positions

Farr's Succession Management Process develops the leadership potential within the organization, creating a solid talent base that is prepared to step up when new challenges arise. A readily available pool of well-trained, competent leaders streamlines the executive search process and better enables the organization to maintain a continuity of its vision, values, and character, even as key leadership positions change.

The following diagram outlines the general steps of the Succession Management Process. However, since every organization is unique, each with its own distinct culture, goals and challenges, Farr customizes the Succession Management Process to each organization's structure and needs.