America's Credit Unions
America's Credit Unions is a weekly podcast featuring credit union people and credit union ideas.
America's Credit Unions
The strategy behind succession planning
•
America's Credit Unions
Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.
Succession planning is about strategic oversight and ensuring your organization is relevant and future-focused.
In this episode of the podcast, Susan Mitchell, CEO of Mitchell Stankovic and Associates, talks about the importance of having an organization-wide succession plan, why taking a forward-focused approach is critical, how succession planning fits into the credit union’s strategic plan, and more.
Why succession plans are important
A philosophical discussion and an exercise
Get uncomfortable
How succession planning fits with strategic planning
How succession planning helps with recruitment and development
Benefits of having and risks of not having a succession plan
Advice for planning for the future