DeNOVO
SUCCESSION PLANNING
Whether by retirement, promotion, attrition, or unforeseen circumstances, changes to a company’s structure are inevitable.
A 2021 Family Business Survey by PWC found that only one-third of companies had a documented succession plan in place. Moreover, a study of the world’s largest 2,500 public organizations showed that unplanned succession costs an average of $1.8 billion in shareholder value. By contrast, companies with effective succession planning are 2.2 times more likely to outperform their industry competitors.
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At DeNOVO we offer tailored succession planning services designed to meet the unique needs of your organization.
WHAT WE DO
ASSESSMENT
&
ANALYSIS
First, we learn about you and your leadership team to better identify your organization’s specific succession needs. We meet with your team, conduct an analysis, identify potential gaps, and areas for improvement.
TRAINING
Our team provides coaching and mentorship that focuses on the specific skills and competencies required for future leadership roles. With an expert leadership consultant on staff, we help individuals with the skills they need to grow within your organization.
DEVELOPMENT
We assist in the personal and professional development of key members of your team, who will be empowered to step into key roles as needed.
IMPLEMENTATION
We guide you through every step of implementing your personally tailored succession plan, ensuring a smooth transition when leadership changes occur.
POST-SUCCESSION
SUPPORT
Succession planning is a continuous process. We provide ongoing assistance to help you adapt your plan to your organization’s evolving needs.