Leadership Development and Succession in Employee-Owned Companies
By Edmund B. Freeman, Psy.D.
Leadership & Succession
Succession planning and leadership development – which are two sides of an integrated whole – are essential for companies that seek to fully leverage employee ownership and achieve sustained strong business performance. This paper defines succession planning and leadership development, underscores the value of integrating strategies for both, shows the necessity of both in supporting an ownership culture that can contribute to business performance, and provides practical guidance for companies wishing to undertake succession planning and leadership development. It also profiles two employee-owned companies that have undertaken succession planning and leadership development.
Originally Published In:
Leadership Development and Succession, An NCEO Issue Brief, by Keith Boatright, Edmund B. Freeman, Amy Lyman, and Corey Rosen, November 2012