The only thing that we can rely on to be constant is change. The political environment is forcing rapid change like we’ve never seen before. No question, technology continues to evolve in a way that forces us to embrace it or simply get left behind. Demographics are changing with a record number of Boomers who are set to retire in the next few years, causing anxiety for many about who may be their future leader.

A change in leadership brings with it, a distinct change in style. Everyone is unique with their own personality type that impacts inter-office relationship dynamics, how departments operate as well as how the organization goes to market. There are differences in tastes, motivators, expectations of employees, and even what one views as success or failure. These changes in styles and leadership are going to become more abundant as newer generations develop and move into leadership roles in the workplace.

Consider our current political environment as a great example. Like it or not, we are seeing drastic and dramatic change in a very short time frame of having a newly elected president. Regardless of your political affiliation, one thing is apparent with the change of our country’s president: the types of decisions being made, and the swift way they are being decided. Correlate this directly to your business and potential transitions in leadership –in every key position of your organization. Is your business prepared?

The only guaranteed way to be prepared for leadership transition that doesn’t create culture shock is through forethought and planning. You may not be able to predict the future or know immediately the impacts change in leadership will have on your business, however; you will be better prepared to navigate change as it comes. Setting a clear goal for your financial future, as well as the future of your business is a great way to prepare your key people for any unexpected changes. This may include defining what a leadership transition plan looks like for every key position in your organization. It is important to outline the critical behaviors, attitudes, skills, knowledge and experience that are essential to developing bench strength within your organization. It could also mean diversifying your customer base or service offering to ride the wave of change. It could involve a variety of other options, and therefore planning for your future is essential as any road can take you somewhere. You want to be on the road that takes you where you want to go, so set a goal, and be prepare for the never-ending and constant world of change.

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Successor Preparation and Strategic Planning

The only constant one can plan for is change.  Technological advances,  consumer behavior, and political environments are only a few of the ever-changing influencing businesses today and tomorrow.  Investing in people development and in strategic planning ensures the business and your people are flexible to respond and capitalize on opportunities in the marketplace.

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