Career Path Definition: Recruiting Future Company Leaders to Accomplish Corporate Goals.Business Editors CHAPEL HILL, N.C.--(BUSINESS WIRE)--Dec. 3, 2003 In order to guarantee future innovations and continual success, forward-looking organizations invest in identifying and preparing employees to be tomorrow's leaders, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a recent report from research and consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a Best Practices, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . World-class companies maximize human capital and ensure goal achievement by incorporating leadership training into performance development initiatives. "Best Practices in Career Path Definition and Succession Planning Management Succession Planning In organizational development, succession planning is the process of identifying and preparing suitable employees through mentoring, training and job rotation, to replace key players — such as the chief executive officer (CEO) — ," available online at http://www3.best-in-class.com/rr291.htm highlights how companies effectively prepare employees for future leadership roles. For example: -- One benchmarked communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. used a multi-source approach of customer feedback, observation of behaviors, professional goals, strategic direction, and competitive analysis to develop career plans that maximized value for the entire organization through its associates. -- Another company identified a need for increased focus on high potential managers. The company instituted a targeted program that provides group mentoring, training in functional expertise, leadership development and experiential learning through rotation. Based on executive interviews and research from 35 top organizations, "Best Practices in Career Path Definition and Succession Planning" outlines multiple strategies for identifying potential leaders, matching future executives with the right position, and aligning succession plans with an organization's progressive goals. In addition to the research provided on employee development activities, the report also includes: -- Real-life models of career path planning and succession worksheets -- Corporate succession planning profiles -- Succession competencies, measurements and process diagrams -- Practices for identifying candidates for succession planning "You would not embark upon a long trip without plans to refuel re·fu·el v. re·fu·eled also re·fu·elled, re·fu·el·ing also re·fu·el·ling, re·fu·els also re·fu·els v.tr. To supply again with fuel. v.intr. and replenish supplies," remarks Chris Bogan, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Best Practices, LLC. "A company that does not identify strong leadership material may score early victories but will ultimately lack the human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. for long-term success." To purchase or download a free summary of "Best Practices in Career Path Definition and Succession Planning" at http://www3.best-in-class.com/rr291.htm. For more information about this report or other benchmarking reports, contact Steve Walters Steve Walters or "Box head" is an Australian former rugby league player who, at the peak of his career, was considered the best hooker in the game. Steve is the eldest of the three Walters brothers, but was the last of them to gain Australian Test selection honours. at (919) 767-9256 or at swalters@best-in-class.com. ABOUT BEST PRACTICES, LLC Best Practices, LLC is a research and consulting firm that conducts work based on the principle that organizations can chart a course to superior economic performance by studying the best business practices, operating tactics and winning strategies of world-class organizations. For more information, call 919-403-0251 or visit http://www.best-in-class.com/ |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion