A new year beckons change; for companies, that often means new leadership. What factors contribute to a seamless transition?
• Trust – Establishing the foundation on which successful transitions are built
• Confidence – Believing your successor will do the right thing
• Management – Defining roles and responsibilities, boundaries and barriers
• Communication – Ensuring open internal and external dialogue, even with difficult issues
• Respect – Understanding that things may be done differently, appreciating those choices and vision
• Training – Preparing the person with the breadth of skills and tools for success
• Letting go – Recognizing that daily decisions belong to another
• Time – Planning strategically in advance; transitioning doesn’t happen overnight