Latest Posts in Succession Planning and Knowledge Management
At the start of the coronavirus pandemic, small business owners braced for what seemed like a short-term inconvenience, but many small businesses are still operating at limited capacity or have shuttered completely. Don't lose hope: with the right strategy and tools, businesses can rebound and adjust to the new economy.
Knowledge management is not just a stand-alone program or project. KM refers to the explicit and tacit information life-cycle that runs throughout the entire organization on a continual basis. This 10-step setup process will teach you everything you need to know to minimize risks and maximize results.
If lack of time and budget are preventing you from reaching out for succession planning assistance, you’re in luck – our succession planning templates are designed to take you- step by step – through the process. In the end, you will have designated key positions and pinpointed successors to lead your company into the future!
Nearly one-third of companies with more than 1,000 employees said they don't currently have a succession planning program at their organization. The numbers for smaller organizations are even more dismal. For organizations who urgently need expert guidance and advice and are looking for a more economic cost than traditional methods, a remote succession planning consultant might be a good fit.
In this article, you’ll read about some common crisis scenarios, but more importantly you’ll have the opportunity to take our succession planning self-assessment and ultimately learn how to ensure your company’s future viability through the creation of a leadership development succession program.
If you’re interested in learning more about knowledge management, or if you need more insight on why it’s important to your company, you’ve come to the right place. In this brief article, you will learn the basic definition of knowledge management, the two main types of knowledge and how your company stands to benefit from a knowledge management plan.
If there’s one thing that remains true in business (and life in general) it’s this: a crisis can strike any company … anytime, anywhere. Imagine you just found out a valuable, tenured employee is leaving and taking all his or her critical knowledge and experience with him to a competing organization. Your only hope to avert this crisis? Advanced planning!
As more and more baby boomers retire or consider retirement, ‘succession’ continues to be a common buzzword. Every year about 10% to 15% of corporations must appoint a new CEO due to retirement, resignation, dismissal, or a health crisis. As a business leader, succession planning (SP) has no doubt crossed your mind … maybe you’ve even started working on a leadership succession plan, but you’ve hit a roadblock. What should you do next?
EDSI Senior Consultant, Jennifer Giannosa, lays out a succession planning process to identify and develop professionals entering a leadership position.