224 • 100 GREAT BUSINESS IDEAS
is that individuals can be groomed beforehand for the new
responsibilities they will take on.- Ensure workers at the top do not feel threatened by succession
plans. This can have demotivating and negative results for
everyone involved in the process.
Darwinian succession:
- Bring in external talent as part of the succession process to
revitalize a failing company. - If there is little variety in your organization, recruiting from
outside your organization can widen your “corporate gene
pool.” - When selecting a successor, utilize a range of advice and opinions
from experts inside and outside the organization.