As organizations proceed through the various stages of their growth lifecycle and formulate strategies to meet new business challenges that emerge with it, the issue of leadership and the associated paradigm of succession planning attain critical dimensions for the eventual success of the firm.
Most leading global organizations have developed strategies for succession planning and one can increasingly witness conglomerates adopting structured succession plans as opposed to the ad-hoc approach. Even large family run businesses have understood the necessity of hiring non-family managers and many of them have already went ahead and defined their succession plans.
We at The FTO Group work with our clients to develop a clear road map for succession keeping in mind the differences of each business as well as the core strengths of the firm. Our team consists of senior leaders from industry who have an in-depth understanding of the challenges that organizations are likely to face in implementing a succession planning strategy and in order to address these challenges we adopt a holistic approach engaging all the relevant stakeholders of the firm.