Why Starbuck’s Naming Howard Schultz As Interim CEO Is A Huge Red Flag:
Don’t take this wrong. Not all interim executives are a bad idea. Sometimes it’s a good idea to put someone in an interim role to give them experience or to groom one of their team members to take the role after them. Sometimes interim leaders are part of a two-step transition.The General Electric of old was famous for its succession planning.
Shame on Starbucks for having only one possible successor for Johnson. CEO succession is one of the board’s most important responsibilities and the Starbucks board failed here.Future Capability Planning: Strategic planning and future capability planning need to be hard wired together.
is about helping your existing people learn the knowledge, practice the skills obtain the hard-won experience and apprentice to masters to gain the craft-level caring and sensibilities they need to build their innate talents into valuable strengths. The bigger and broader the role, the more time it’s going to take to develop your talent. Link it with your future capability planning by recruiting to fill innate talent gaps. Then give yourself:Years to develop middle managers. is about identifying who is going to take your senior people’s places in the future.is about identifying who could take your senior people’s places on short notice if needed.
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