The strategy behind succession planning

Succession planning is about strategic oversight and ensuring your organization is relevant and future-focused.

In this episode of the podcast, Susan Mitchell, CEO of Mitchell Stankovic and Associates, talks about the importance of having an organization-wide succession plan, why taking a forward-focused approach is critical, how succession planning fits into the credit union’s strategic plan, and more.

Chapters

• 0:59 Why succession plans are important
• 3:16 A philosophical discussion and an exercise
• 13:05 Get uncomfortable
• 15:22 How succession planning fits with strategic planning
• 18:48 How succession planning helps with recruitment and development
• 20:22 Benefits of having and risks of not having a succession plan
• 25:16 Advice for planning for the future