Overview
Effective succession planning is a critical business strategy for building resilience, yet the stakes are high: nearly one-third of new executives fail within 18 months. To avoid this, organisations must shift from a "replacement strategy" to a "readiness strategy."This requires boards to use tools like a skills matrix to align leadership development with the company's long-term strategic vision, ensuring the talent pipeline is prepared for future challenges. For a deeper dive, request the insight below.
