Re-Launches, and the Importance of Succession Planning

WELCOME to the first edition of our newly re-launched newsletter, “Leaders Leading Leaders” (L3). Every 4-6 weeks we’ll be offering short and pithy perspectives on interesting aspects of leadership, talent management, and executive effectiveness. We are looking forward to your reactions, as well as any questions or thoughts on related topics.

In addition to our re-launched newsletter, we are happy to announce that our new Nevins Consulting website is now on-line: www.nevinsconsulting.com. We believe our revised website better showcases our services, capabilities, and business philosophy, and we’d be delighted to hear your feedback on it.

Our topic of inquiry this week is the importance of effective succession planning. The cover story of the BLOOMBERG MARKETS issue on newsstands now (the March 2010 issue) addresses the crises that financial services firms have faced over the last year, and how failures of leadership development and succession planning may have exacerbated the troubles on Wall Street. It’s a dynamic article that makes some excellent points about companies’ and boards’ responsibilities for talent management, and our own Mark Nevins is quoted several times in the article. An on-line version of the article can be found here:
http://www.bloomberg.com/apps/news?pid=20601109&sid=asnLsCE591Rg

In our next newsletter, we’ll offer some more detailed thoughts and suggestions on what organizations can and should do to better manage succession, talent, and leadership development. In the meantime, please let us know what you thought about the BLOOMBERG article.

We’re always open for comments and feedback: info@nevinsconsulting.com

"All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership." —John Kenneth Galbraith