Succession planning is a process that is woven into your strategic plan as a guarantee that your organization won’t miss a step when a critical position becomes vacant. Succession planning includes developing replacement talent within the company.
CSC helps clients succeed in their succession planning efforts whether privately held or family owned businesses. We evaluate staff and family members through a professional and systematic succession planning process.
- We develop succession plans for privately held businesses and family businesses to ensure the long-term viability of your companies, as well as timely and profitable exit strategies for ownership.
- We prepared development plans for key executives in privately held businesses, as well as conducted searches to identify key staff that addressed the succession planning issues.
- We prepared individual development plans for key family members resulting in generational transfer of the company so that it remained with family ownership
- We assisted ownership in the process of ensuring that the succession plan is integrated into the strategic business plan of the company and supported by the appropriate management structure.
- We structure the succession planning process through meetings with ownership and key staff utilizing documented agendas, interview guides, questionnaires, research and deliverables that support the succession plan for the company.