Some changes can make or break an organization, and an expertly planned and well-executed succession plan can ensure an organization’s continued future success in the face of uncertainty. Succession planning is a strategy for an organization to prepare for the future.
The unfortunate passing of a CEO—what is a very grim subject is also a very important topic for all organizations to face. Having a contingency plan for uncertain events such as the death of an owner or CEO is typically not high on a priority list or in a strategic plan. Yet, it is something impacting every facet of an organization – employees, customers, vendors, and suppliers.
KerberRose is pleased to announce several new promotions, effective Jan. 1, 2021. New Shareholders are: Stacey Donovan, CPA, small business tax and consulting services; Zachary Linsmeyer, CPA, non-profit and employee benefit plan auditing; Kristin Tyczkowski, CPA, small business and individual tax and accounting; Brian Wild, CPA, business and individual tax and consulting services; and Daniel Wotruba, Director of Wealth Management. Transitioning to Senior Manager is Dan Lightfuss, CPA, non-profit and employee benefit plan auditing.
Investing time to effectively coach and mentor others is vital to succession planning and leadership development. Unfortunately, many organizations lack appropriate policies, processes or skilled people to achieve this.
A mentoring relationship is truly a win-win; however, it all begins with a personal connection. Have you ever been asked to think of the best mentor you’ve had and why they were so great? The person who comes to mind as your response is most likely someone who has cheered you on and encouraged you, challenged you to step outside of your comfort zone, or provided you with sound advice as you navigated a new or difficult situation. The reason the characteristics of this individual stand out to you is because of the connection you created with them. It is crucial to foster and build on these personal connections in order to have a positive mentoring relationship. The question is: where do you begin?
