Pve got so much I want to do! " 'We find those who plan succession properly are already eager to do more and different things at a relatively young age -50 or 55. They are already active in new interests (for example, teaching, politics, another venture, or philanthropy) and are pushing the preparation of their successors so they have more time-full time- for these other activities. They don't retire from their previous work but rather move up to new opportunities. There was a business here before me. In our experience, business owners who purchased their firms as part of a management buyout face succession planning more readily than business founders. It seems they recognize that presidents change but the business goes on. As one leader says, "I wasn't hanging on because I was indispensable to the business but because the business was indispensable to me With that understanding, he found other ways to build meaning into his life and moved on
“I’ve got so much I want to do!” We find those who plan succession properly are already eager to do more and different things at a relatively young age — 50 or 55. They are already active in new interests (for example, teaching, politics, another venture, or philanthropy) and are pushing the preparation of their successors so they have more time — full time — for these other activities. They don’t retire from their previous work but rather move up to new opportunities. “There was a business here before me.” In our experience, business owners who purchased their firms as part of a management buyout face succession planning more readily than business founders. It seems they recognize that presidents change but the business goes on. As one leader says, “I wasn’t hanging on because I was indispensable to the business but because the business was indispensable to me.”With that understanding, he found other ways to build meaning into his life and moved on
Unfortunately, our culture does not provide acclaim for those who make the hard decision to do succession planning, even though so much is at stake. We worship founders, builders, chiefs a but rarely do we read about or cheer those who gracefully and successfully turn their jobs over to their successors. That seems to be an even rarer talent and accomplishment Perhaps that is the reason management authority Peter Drucker refers to succession planning as a leader's "final test of greatness. And having passed that test the leader goes on to new challenges and satisfactions (826 words)
Unfortunately, our culture does not provide acclaim for those who make the hard decision to do succession planning, even though so much is at stake. We worship founders, builders, chiefs --- but rarely do we read about or cheer those who gracefully and successfully turn their jobs over to their successors. That seems to be an even rarer talent and accomplishment. Perhaps that is the reason management authority Peter Drucker refers to succession planning as a leader’s “final test of greatness.” And having passed that test, the leader goes on to new challenges and satisfactions. (826 words)
no wonder not surprising Examples It is no wonder youve got a headache when you drank so much last night. Traffic situation today was terrible, no wonder you were late
no wonder — not surprising Examples • It is no wonder you’ve got a headache when you drank so much last night. • Traffic situation today was terrible, no wonder you were late
succession n the coming of one thing or person after another in time or order Examples Who is first in succession to the throne is not yet clear The days followed each other in quick succession and still no news came More to learn
succession n. — the coming of one thing or person after another in time or order Examples • Who is first in succession to the throne is not yet clear. • The days followed each other in quick succession and still no news came. More to learn
succeed v be the next to take a position or rank Examples When the duke dies his eldest son will succeed him on the throne Lord davis succeeded sir hugh as chairman of the commission More to learn
More to learn Examples • When the duke dies, his eldest son will succeed him on the throne. • Lord Davis succeeded Sir Hugh as chairman of the commission. succeed v. — be the next to take a position or rank