Leadership Development and Succession Planning are two strategic interconnected initiatives in pursuit of one fundamental goal: preparing leaders and the organization to be future ready. Companies will encounter challenges that constantly reshape the business outlook– emerging technologies, biological threats, globalization, demographic shifts, explosion of data, redefined jobs and complexity. Whatever changes a company goes through, it remains for the leadership to craft the correct response, or to build the resilience that enables to organisation to flex itself and emerge stronger. Identifying and developing the right leadership competencies of executives is therefore vital for the organization to thrive in such dynamic environments. An effective succession planning process ensures that the organization is ahead in preparing the right talent for the right role in the leadership pipeline for long-term health, growth and sustainability.
