10 Steps to 'Succession-Planning'
 

By: Gopal G D ShrikanthFounder & CEO - www.GD360.net There is a surfeit of publications on how CxOs should prepare for 'Succession Planning. So, let me focus instead on, how Execs could 'prepare for' Succession-Planning…

1 – Start Dreaming Early

The earlier you start dreaming, the better the chances of success ! Most glass ceilings are meant to keep out Execs, who do not have the 'requisite' Credentials or Track Record – criterion that sometimes take years, if not decades, to acquire.

2 – Invest in yourself

Execs aspiring for CxO level positions are often required to possess an MBA from a premier University that specializes in their field e.g. Kellogg for Marketing (CMO), Wharton for Finance (CFO); or other industry certification. IF you really want to be ahead of the pack, never wait for Corporate Sponsorship !

3 - Build a Track Record

IF you want to be a Leader, start with being a good follower. Demonstrate flexibility and commitment by volunteering for (short term) tough assignments in obscure locations. Test and fine-tune your 'instinct / gut feeling' along the way – you'll need lots of it when you get to the top. Remember, it's not whether you fail that matters, but how soon you recover that always matters. In short, 'Build your Brand' !

4 - Nurture your Network

Proactively expand your network across Industries, Divisions, Functions, Geographies… throughout your career. Earn the tag 'proactive collaborator', within the organization. Listen, recognize, apologize, be fair and transparent, show respect, be open to ideas from juniors – be the ideal 'team player' you want everyone else to be! At the end of the day, you'll need ALL the references and support from your peers AND Team members, before you get the final nod for the top job.

5 – Rapport with future stakeholders

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