One of the key elements of a highly evolved company culture is leadership transition. The leadership transition may be the most important task of being a leader.
Good leaders think about their departure early in their careers. They combine vision, business goals, and personal goals to create a plan that enables the business to continue on successfully. The biggest hurdle in this process is making the emotional choice to pick a time. In far too many instances the leader cannot let go emotionally and that is when trouble begins. If a leader cannot let go emotionally, it can become a very stressful time for everyone.
Organizations have a life of their own and must grow and evolve over time. New leadership is vital to organizations. If you are the leader in your organization, have you taken the time to plan for your departure?
I encourage you to start a dialog with your board, key staff, and family. As with anything, the more you plan the better the results.
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