Page 231 - 100 Great Business Ideas: From Leading Companies Around the World (100 Great Ideas)

is that individuals can be groomed beforehand for the new
responsibilities they will take on.

• Ensure workers at the top do not feel threatened by succession

plans. This can have demotivating and negative results for
everyone involved in the process.
Darwinian succession:

• Bring in external talent as part of the succession process to

revitalize a failing company.

• If there is little variety in your organization, recruiting from

outside your organization can widen your “corporate gene
pool.”

• When selecting a successor, utilize a range of advice and opinions

from experts inside and outside the organization.

224 • 100 GREAT BUSINESS IDEAS