When leaders think about sustainability, they often focus on their business model. But, what about succession planning? What about nurturing a cadre of future leaders who are prepared to take the business forward – not just maintain it, but strengthen it and grow it. Here are three ways to develop the next generation of leaders.
- Delegate important tasks, as well as the authority to make decisions and move processes forward.
- Identify stretch assignments that will leverage strengths, and deepen the employee’s confidence as they realize their capacity to do even more than they had ever imagined.
- Use company wide rotations to expose potential successors to various aspects of the operation. This will give them unique perspective on the ways everything and everyone are connected. They’ll also gain a better understanding of all of the resources available to them.