Triaxia views succession management as an important and integral part of the overall leadership/talent development process. In some respects, succession management is the transition risk management dimension of larger leadership development strategy. Leadership is critically important to every organization. Therefore, every time there is a change in a key leadership position, risks are experienced and need to be mitigated. That’s the role of succession management.
Leadership transitions introduce four possible risks:
Triaxia Partners works with clients to mitigate these risks by creating straight-forward and user-friendly strategies to prepare for planned leadership transitions, ensuring that capable candidates are identified and developed against a known vacancy schedule, and putting strategies in place to prepare leaders with the new skills needed to confront emerging trends and market dynamics.