Successful succession planning provides strength and stability to an organization, aids staff retention, and prepares for future growth and change. In this program, Ann Sherry discusses the purpose and process of succession planning. She highlights some of the pitfalls of succession planning and discusses ways to implement a robust process that ensures the development and movement of staff in the right direction. Topics include: the importance of succession training, steps in succession planning, common mistakes, and the boss's favorite.

Streaming video file encoded with permission for digital streaming by Infobase on July 17, 2015.

What is Succession Planning? --(2:33) -- Steps for Succession Planning -- (2:16) -- Who should do the Succession Planning? -- (0:54) -- What are Some Key Mistakes? -- (1:36) -- Is the Process Robust? -- (1:44) -- What About CEOs Returning? -- (1:20) -- Main Lessons Learned -- (1:29) -- Credits: Succession Planning -- (0:25).