Sacrificial transition = successful succession
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Sacrificial transition = successful succession

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Sacrificial transitions equal successful successions because predecessors pay the greater price in sacrificing their leadership for successor success. Three crucial phases are preparing sacrificial ...

Sacrificial transitions equal successful successions because predecessors pay the greater price in sacrificing their leadership for successor success. Three crucial phases are preparing sacrificial successors, handing over leadership mid-tenure then staying on post-succession as successor advocate.

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Sacrificial transition = successful succession Sacrificial transition = successful succession Presentation Transcript

  • 7Keys to SuccessfulSuccession1. Overturn Orders2. Ready Replacements3. Expose Egos4. Open Oversight5. Calm Conflict6. Avoid Authoritarianism7. Sacrifice Successionally
  • Why sacrificial succession? Too many selfishly motivated successors dominate (Harrison, 1999) Professionally managed successions are no solution (Garman, 2004) Not enough outgoing leaders stay on as advocates (Sonnenfeld, 2004)
  • What is sacrificial succession?Incumbent sacrifices leadership early forsuccessorSuccession occurs sacrificially mid-tenureOutgoing leader supports successors View slide
  • How incumbents sacrificiallysucceed Prepare sacrificial successors pre-succession Sacrifice leadership mid-tenure for successor Remain post-succession as successor advocate View slide
  • How successors sacrificially succeedServe others without expectation of advancementSacrifice for others through leadership positionEnsure self-sacrifice outweighs others sacrifice
  • Three-Phase Sacrificial Transition Pre-Succession: Preparation of sacrificial successors Succession Event: Sacrificial handover of leadership Post-Succession: Advocacy for next generation
  • Sacrificial Succession Themes Everything learned by predecessor is shared with successor Incumbent sacrificially lays down leadership for successor Predecessor acts as advocate and advisor for success
  • Become a Sacrificial Successor Practical projects for your next succession Seminars, small group and team training Personal advice and assistanceContactPaulRattray@CVC.tvwww.sacrificialsuccession.comhttp://www.scribd.com/doc/133543006/7Keys-to-Successful-Succession
  • References Harrison, J. S. & Fiet, J. O. (1999), “New CEOs Pursue Their Own Self-Interests by Sacrificing Stakeholder Value”, Journal of Business Ethics19: 301–308. Garman, A. N. & Glawe, J. (2004), “Succession Planning”, ConsultingPsychology Journal: Practice and Research, Volume 56 (2): 119-125. Sonnenfeld, J. (2004), “Good governance and the misleading myths ofbad metrics”, Academy of Management Executive”, Vol. 18 (1): 108-113. Rattray, P. (2013), "7Keys to Successful Succession", online e-bookwww.sacrificialsuccession.com