Time has passed and Chip’s Widgets, Inc. has done very well. The
action plan was successful and business continues to grow. The CEO has
decided to resign his position within the next 12 to 18 months to start a
new business. The CEO has considered bringing in someone external to
take over the company, but he would like to assess the internal talent
first. The CEO feels that the operations manager could be a great
candidate to take over the CEO role. Succession planning helps cultivate the next generation of
potential leaders to assume key roles. Succession planning strengthens
organizational growth, profit, and stability because it helps
organizations ensure smooth staff transitions without suspending
business activity. As the HR manager, you need to develop a succession plan for the
CEO. The operations manager will be groomed using different techniques
for a higher level of responsibility. Because you have selected the operations manager as the best
potential candidate, you will need to create a short-term training plan
to start working on helping him develop the unique traits and skills
required of a CEO. The goals of this plan must be SMART (that is,
specific, measurable, achievable, realistic, and timely). If you are not
familiar with SMART goals, do some research before you begin this
assignment.
To complete this assignment, develop a succession plan for the
operations manager and CEO. In a minimum of 4 pages (not counting the
title page and reference page), include the following:
