The simple equation that a great leader translates to great business results is rarely as easy as it sounds. In this lies the challenge for many organisation. How do you ensure you have the best leader and the best management team for an organisation, one in which equates to more than the sum of its parts? Add to the query the critical importance of the team, and the equation gets even more complicated. But this is still not the full story. For a complete picture, organisations must also take in regard succession planning.
To truly be a great leader, the person should also have the skills to develop great leaders. Without succession planning an organisation is challenged with a the very costly and disruptive risk of problematic transitions and lack of continuity at the board and top management level.