How a Champion Organization Addresses Developing Leaders for Successful Succession Planning
May 21, 2009 by Skip Weisman
Filed under Champion Leadership, The Traits of Champion Orgs
One of the three (3) key tenets in creating a Champion Organization is Developing Leadership Throughout. Today an article came across my e-mail from Fortune Magazine on how Proctor & Gamble, a Fortune 500 stalwart, develops its leaders so as to be ready when key positions open. Just three months ago a void was created at P&G when its global business units president Susan Arnold announced her departure ahead of expectations at the age of 55.
This Fortune article discusses the future of CEO A.G. Lafley, and how P&G develops its future leaders and hires mostly from within.
Small and medium sized business leaders can learn a lot from P&G’s approach and should, if they haven’t already, begun developing their own internal leadership development and career path program. This topic came up two weeks ago in a leadership team session with one of my clients’ and we’ve begun discussing developing just such a program.
