Business Succession Planning focuses on having the right people in the right job at the right time. It is about ensuring that your organization has the people that it needs and people who want to be there. This can be a distinctly different approach to hiring practices that focus on finding a candidate that can fill an immediate need and may or may not be the right person.

In order to develop your own expertise with Business Succession Planning, please gather a copy of your company organizational chart. If you are unable to locate a copy at your office, on a company website, or within an annual report, simply draw the essentials below. If you come from a very large organization, you can restrict your plan to the top four layers in order to save space and avoid any confusion.

A simple frame is presented below to get you started.