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Succession Planning: RWE Ready

Reference: DARDEN-OB-0881-E
Number of pages: 9
Publication Date: Dec 6, 2007
Source: Darden University of Virginia (USA)
Type of Document: Case
Industry Setting: Multiple

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Description

Always a thorny issue but it had to be asked. Who was next in line? Management succession is a significant issue in many firms. Executives put all their energy into the business. But how much time is spent on bench strength planning? And what happens if the CEO is not ready to hand the reigns over and begin a life outside the office? This case presents transition challenges that many companies currently face—the retirement age of baby boomers and the takeover of the C level suite by the next generation.

Keywords

Baby boomers bench building business planning Generation X Generation Y long-range planning Management skills Succession planning transitioning