Companies citing as one of the three most recent influential events that caused them to begin Succession Planning:
| Organizational Change |
|
67% |
| Fewer Mgmt Layers |
|
55% |
| New CEO |
|
49% |
| Global Expansion |
|
45% |
| Smaller Talent Pool |
|
12% |
| Rapid Technology Change |
|
12% |
| More workforce Diversity |
|
10% |
| Other |
|
21% |
Source: The Conference Board
N = 106 |
Other events that influence beginning Succession Planning
- Mergers & Acquisitions
- Market Changes – Products/Services offered, Changes in geography serviced
- Top Executive sees the need
- Board directs action
|
