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Succession Planning: Why Most Companies Leave It Too Late

Leadership transitions are among the most disruptive events in any organisation's life. The best time to start planning was two years ago. The second best time is now.

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Most companies think about succession planning the way most people think about writing a will: important, uncomfortable, and something to deal with later. Then the CEO gets a better offer, the founder wants to step back, or the head of operations leaves without warning — and the organisation discovers it has no bench. ## Why it gets left too late Three patterns show up repeatedly: - **"We'll deal with it when we need to."** By then, the runway is measured in weeks, not years. - **"Our people aren't ready yet."** Because no one has invested in getting them ready. - **"It'll feel like we're pushing them out."** Handled well, succession planning is the opposite — it's an act of confidence in the current leader and the future of the organisation. ## What good succession planning looks like It is not a spreadsheet of names. It is a live, honest conversation — revisited at least annually — about three things: 1. **Which roles are critical?** Not just the top ones. Which roles, if empty for six months, would cause real damage? 2. **Who could step in — and when?** Ready now, ready in one year, ready in three years. 3. **What development do they need?** Real stretch assignments, not just training courses. ## Start with the questions leaders avoid - If I left tomorrow, who would step in — and would they succeed? - Have I told them they're a potential successor? Have I asked if they want it? - What am I doing this quarter to grow them? The answers are often uncomfortable. That's the point. Succession planning done properly is one of the highest-leverage things a leader can do — and one of the easiest to defer. The best time to start was five years ago. The second-best time is this quarter.
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