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The old model: Identify a successor for the CEO.
The newer question: Do we have enough people capable of stepping into critical leadership roles at every level?
A strong succession plan isn’t just about identifying who could replace someone. It’s about building a pipeline of people who are capable of taking on greater responsibility as the business evolves.
And that requires starting much earlier than the moment a key position becomes vacant.
Stop looking for one successor
If your succession plan consists of one name next to each critical position, you may have a list—but you don’t necessarily have a leadership pipeline.
What happens if your “successor” leaves?
What if they’re not actually ready when the time comes?
What if the business changes significantly before they step into the role?
Instead of asking, “Who could take over?”, consider asking:
“Who are we developing today who could take on more responsibility tomorrow?”
That shift changes succession from a replacement exercise into an ongoing talent strategy.
High performers aren’t automatically future leaders
One of the most common succession mistakes is assuming that your best individual contributors will naturally become your best leaders.
They might. But it’s not a given.
Leadership requires a different set of capabilities. As responsibilities increase, people often need to demonstrate stronger decision-making, communication, accountability, strategic thinking, and adaptability.
Someone can be exceptional in their current role and still need significant development before they’re ready for the next one.
That’s not a problem, but it’s exactly why succession planning should include development.
Build the bench before you need it
A healthy leadership pipeline gives you time.
Time to identify potential.
Time to understand strengths and development needs.
Time to give people experiences that prepare them for bigger roles.
And time to determine whether someone is actually suited for the next step—not simply whether they’re successful in the role they’re currently in.
It also gives leaders something incredibly valuable: options.
Instead of scrambling when a key person leaves, you have people who have already been developing the skills and experience needed to step up.
Start with better questions
You don’t need a complicated succession program to start building a stronger leadership pipeline.
Start by looking at your critical roles and asking:
- Who could step into this role today?
- Who could be ready in one to three years?
- What capabilities would they need to develop?
- What experiences could help them get there?
- Are we overlooking people because they aren’t the most visible?
- Are we evaluating potential objectively—or relying on gut instinct?
The goal isn’t to predict exactly who will be sitting in each leadership chair five years from now.
The goal is to make sure you have people growing into the capabilities your business will need.