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Why is it important to study succession planning examples when developing your strategy? Worryingly, research shows 86% of leaders see succession planning as a priority, but only 14% believe they do it well.
In another study highlighting the significance of succession planning for nurturing internal talent, it was found that among Fortune 500 companies, only 54% of boards were actively developing a successor for their CEO. And 39% had zero suitable internal candidates who could immediately fill the role.
Staring at a blank page to craft your succession plan can be daunting. But there’s a shortcut: Learn from the successes