Succession Planning Project Overview
Using the material learned in your degree program, the information in this course, and additional research, develop a comprehensive succession plan for a real organization. The organization can be based anywhere in the world. If you select an international organization, keep in mind the global and cultural factors. You may also use your current organization as the basis of the succession plan, if the organization is of sufficient size to justify a meaningful project paper. It is recommended that you seek permission for your organizational choice early in Week 1.
Assume the role of chairman of the board (or similar position) of this organization. You have recently received the resignation of the CEO (or similar position), a highly successful and charismatic leader who has held this post for the past twelve years. (The real-life company should have a current [sitting] CEO who has been in that role for at least three years, preferably longer.)
As the chairman of the board, how will you ensure that the organization continues to thrive, and not merely survive, without the current CEO?
Your task is to design a comprehensive strategy for selecting a successor and ensuring ongoing success with a new leader at the helm of the organization.
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