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Dahlke - Business succession planning for dummies

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Dahlke Business succession planning for dummies
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The fast and easy way to get a handle on business succession planning

While the demand for effective managers continues to grow, the retirement of baby boomers is producing a sharp decline in the ranks of available management personnel. In addition, the executives of the future are expected to be more sophisticated in order to develop and lead new global and technological initiatives. For these reasons, strategic and often long-sighted succession planning for the eventual replacement of managers at all levels has reached a critical level.

Business Succession Planning For Dummies aids managers, human resource professionals, and upper management in cultivating and retaining their existing employees to ensure the availability and capability of persons to assume leadership roles in the future. In plain English, it prepares business owners to ask the difficult questions when it comes to developing a working succession plan for their businesses key positions. This book also offers information on how to retain and train personnel within an organization so that a more seamless transition can be made when a senior leader or other important personnel retires or leaves the organization.

  • How to retain and train personnel for a more seamless transition
  • Easy-to-follow guidance on developing a working succession plan
  • Tips to create a plan to save time, money, knowledge, and clients by hiring from within

If youre a manager or human resources professional looking to develop a working succession plan, this hands-on, friendly guide has you covered.

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Business Succession Planning For Dummies

by Arnie Dahlke

Business Succession Planning For Dummies Published by John Wiley Sons Inc - photo 1

Business Succession Planning For Dummies

Published by John Wiley & Sons, Inc.
111 River St.
Hoboken, NJ 07030-5774
www.wiley.com

Copyright 2012

Published simultaneously in Canada

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the Publisher. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/permissions .

Trademarks: Wiley, the Wiley logo, For Dummies, the Dummies Man logo, A Reference for the Rest of Us!, The Dummies Way, Dummies Daily, The Fun and Easy Way, Dummies.com, Making Everything Easier, and related trade dress are trademarks or registered trademarks of John Wiley & Sons, Inc., and/or its affiliates in the United States and other countries, and may not be used without written permission. All other trademarks are the property of their respective owners. John Wiley & Sons, Inc., is not associated with any product or vendor mentioned in this book.

Limit of Liability/Disclaimer of Warranty: The publisher and the author make no representations or warranties with respect to the accuracy or completeness of the contents of this work and specifically disclaim all warranties, including without limitation warranties of fitness for a particular purpose. No warranty may be created or extended by sales or promotional materials. The advice and strategies contained herein may not be suitable for every situation. This work is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional services. If professional assistance is required, the services of a competent professional person should be sought. Neither the publisher nor the author shall be liable for damages arising herefrom. The fact that an organization or Website is referred to in this work as a citation and/or a potential source of further information does not mean that the author or the publisher endorses the information the organization or Website may provide or recommendations it may make. Further, readers should be aware that Internet Websites listed in this work may have changed or disappeared between when this work was written and when it is read.

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For technical support, please visit www.wiley.com/techsupport .

Wiley publishes in a variety of print and electronic formats and by print-on-demand. Some material included with standard print versions of this book may not be included in e-books or in print-on-demand. If this book refers to media such as a CD or DVD that is not included in the version you purchased, you may download this material at http://booksupport.wiley.com . For more information about Wiley products, visit www.wiley.com .

Library of Congress Control Number is available from the Publisher upon request.

ISBN 978-1-118-09514-0 (pbk); ISBN 978-1-118-22346-8 (ebk); ISBN 978-1-118-23021-3 (ebk); ISBN 978-1-118-23023-7 (ebk)

Manufactured in the United States of America

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About the Author

Arnie Dahlke has a PhD in psychology from the University of Minnesota. Over the years, he has taught full time in both psychology, business, and organizational development departments, served as a director of research for the American Institutes for Research, and worked as an independent consultant.

Arnie has assisted both private (for-profit and nonprofit) and public organizations, using coordinated team-building strategies and process-improvement tools. He brings people together in a spirit of mutual trust, cooperation, and constructive problem solving. As described on his website ( www.arniedahlke.com ), he helps people in organizations cultivate both continual improvement and customer-responsive mindsets.

Arnies private-sector clients have included larger corporations, such as Chevrolet, Saturn, Coca-Cola, Gelsons: The Super Market, and Northgate Market; healthcare facilities, such as counseling centers and Northside Hospital; smaller organizations, such as the law firm of Ferruzzo & Ferruzzo, Able Computer, New Media Broadcasting Company, The Party Staff, and Your Staff; and automobile dealerships representing a variety of franchises, including Chevrolet, Chrysler, Ford, Honda, Infiniti, Mitsubishi, Nissan, and Toyota. His work has helped companies win national awards. As a consultant to the Human Interaction Research Institute of Westwood, California, he conducted interviews in California, Missouri, Nevada, Texas, and Utah at local community mental-health centers for the purpose of identifying the factors that go into the sustaining or non-sustaining of innovative procedures in organizational settings.

Arnies public-sector clients have included both cities and county departments. He has assisted city- and county-management staff, police departments, libraries, and planning and public-works departments in such cities as Washington, D.C., and Los Angeles, Santa Ana, San Bernardino, Santa Rosa, and Torrance, California.

Throughout his career, Arnie has kept alive his love for teaching. He has taught courses and seminars in psychology, organizational behavior, and organizational consulting. He has taught at all levels, from adult students to college freshmen to graduate students at many colleges and universities, including Antioch University, the California School of Professional Psychology, Marymount College, Phillips Graduate Institute, Ryokan College, the University of California, the University of Maryland, the University of Minnesota, the University of Nevada, and the University of Oklahoma.

Dedication

I dedicate this book to all employees, because their morale and futures are dependent on the quality and successful implementation of succession plans in their organization.

Authors Acknowledgments

I appreciate the help of everyone who has helped me put this book together. It has been an exciting, although somewhat exhausting, experience, and its taught me that you never know how much you know until you start putting it down on paper. I was surprised to find how much I know.

A special thank-you first to my brilliant in-home editor, my wife, Lesli, who pays attention to the slightest detail and improves what I do in subtle but dramatic ways. She has tirelessly supported my efforts through thick and thin, including very long hours spent writing.

I also want to thank Erin Mooney at John Wiley & Sons for giving me the opportunity to write this book; Ken Lloyd for his insightful comments and technical suggestions; and Elizabeth Kuball for her patience, helpful suggestions, and meticulous editing.


Publishers Acknowledgments

Were proud of this book; please send us your comments at http://dummies.custhelp.com . For other comments, please contact our Customer Care Department within the U.S. at 877-762-2974, outside the U.S. at 317-572-3993, or fax 317-572-4002.

Some of the people who helped bring this book to market include the following:

Acquisitions and Editorial

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