Assignment task:
Many organizations today face the retirement of their baby boomer executive leadership teams. How do they go about building a strong succession plan, especially with up-and-coming millennials? Organizations must develop a leadership development plan, identifying gaps, needs, and strategies to build such a succession plan.
Imagine, after the success of your previous consultation with ACME Industries, the CEO calls you back for another assignment. Over the years, the executive leadership team at ACME has been retiring from the workforce. While the company did well in recruiting younger talent through internships and career fairs, it neglected to develop and build its mid-level managers to assume future leadership roles. In fact, ACME has a big hole in its middle management team.
The CEO of ACME would like you to develop a presentation for his top leadership team. He would like his team to understand the need to build ACME's mid-level management team and provide successors and bench strength to the executive leadership team over the coming years.
How you would implement a leadership development plan for ACME Industries?
Describe the importance of a leadership development plan.
Explain the tools and programs you will implement.
Be sure to discuss the following points:
- Leadership development training
- Leadership development assessments
- Succession planning
- Explain the impact on ACME's organizational culture.