Succession Planning

Overview

Succession planning is not a decision leaders take lightly.  Every organization faces unique challenges whether it’s a family business preparing the next generation to lead or a corporation deciding whether to promote from within or bring in outside talent.  We get you the data and insight you need to make an informed decision, helping to ensure that the transition is a smooth one.

Process

CMA conducts an organizational assessment to understand the state of the business and to identify responsibilities to be transitioned.  We conduct a developmental assessment with each successor candidate to gain insight into aspirations, current and potential skill level and to prepare a developmental plan for each.  We consult with, coach and develop successor candidates and for family business, work with legal, estate planning and financial parties as needed, and address other organizational issues triggered by the change.

Success Story

The company was a second-generation family-owned business.  Multiple family members from the second and third generation were involved in the business.  The company enjoyed a reputation for quality products and responsive service.  Father and sons wanted the family members active in the business to occupy roles in the company that either fit their strengths and allowed them to contribute or lead to them to the advancement of the company …read the full succession planning success story.

Contact CMA for more information on how we can help your organization plan and execute a successful leadership transition.