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Once successor candidates are identified and their gaps to the Success Profile are agreed upon in their presentation to top executives, learning and development actions for each can follow. The preparation must be specific to those gaps, with the goal to either meet or accelerate the readiness timeframe.
Preparing senior employees for executive roles typically involves education (e.g., Executive MBA), experience (project or stretch assignments), and exposure, (e.g., coaching/mentoring by a current executive). While MBA programs are expensive and require time away from the job, developmental experience and exposure serve as cost-effective solutions.
Enjoy access to scalable practices, step-by-step guides, and tools to build strategic HR programs.