Financial institutions

New Succession Planning Book Helps Financial Institutions Create a Prosperous Future

Business Growth Experts Dr. Mary C. Kelly and Meridith Elliott Powell present concrete strategies for beginning leadership succession planning before it becomes a crisis

DENVER and ASHEVILLE, North Carolina, June 1, 2022 /PRNewswire/ — CEOs, presidents, board members and other senior leaders of financial institutions, banks and credit unions who want to ensure their organizations continue to succeed learn how to incorporate succession into their strategic plans when they get the new edition of “Who comes next? Leadership succession planning made easy.

This new strategic planning book won gold in the non-fiction book category by the Benjamin Franklin Independent Book Publishers Association.

“The past few years have reminded us that no one will stay in the same position forever. Leaders get promoted or retire. It’s inevitable. A lack of leadership succession planning is the next business crisis,” says the co- author. Mary C. Kellyancient Marine commander and author of 15 other leadership books.

“Every organization needs a plan for leadership succession, but few leaders know how to start the process. Who comes next? solves this problem and easily walks you through the steps of creating and implementing a viable succession plan,” adds the co-author Meridith Elliott-Powellan award-winning business growth expert.

Businesses rely on Mary Kelly and Meridith Elliott-Powell to develop leadership transitions and contingency plans. “We assess current and future talent needs based on where the organization wants to go. It’s not just about replacing a few key roles. It’s about rethinking strategy and vision, implementing places the right people to lead it in the future, and provide the leadership development to make the strategy a reality.”

“Succession planning should be a dynamic part of your strategic plan,” says Powell.

“Great coaches know the importance of depth on their bench,” Kelly said. “Football teams have backup quarterbacks. Even if that person doesn’t play all the time, they need to know the games and be ready to step in. Businesses need the same level of trust. Most organizations don’t have back in. plan in case the CEO has a health issue or leaves.For most companies, this is a single point of failure.

When a new leader takes over, they often call on their staff and change the culture. Most businesses are unprepared for this upheaval. Without proper planning, the next level of leadership, these vice presidents or directors, can feel out of place or unappreciated, and they can leave, causing huge talent shortages.

“Our big message is that succession planning is that the movement of one person affects the entire organization in large businesses, small businesses, and independently owned and operated businesses,” Powell said.

This essential guide simplifies the process and gives you the tools you need to build and activate your leadership succession. You’ll find a comprehensive action plan, a library of tools needed to develop and maintain your plan, and a resource guide.

Whether you are part of a small family business, a Fortune 500 company, or a non-profit organization, you need to start now by answering the question: Who comes next?

Specifically, the book covers:

  • Why companies should include succession planning in their strategic plan
  • Why it’s often hard for leaders to think about a time when they’re no longer in a position of leadership
  • How to start the succession planning process

“Mary and Meridith answer all the big questions about succession planning, and they solve the biggest hurdle of all: implementing a succession plan,” said Patty IdolCEO, Mountain Credit Union.

For free succession planning resources, go to www.BeyondSuccessionPlanning.com

about the authors

dr. Mary C. Kelly

Commander Mary C. KellyWE Marine, Ph.D., CSP, CPAE, specializes in leadership development that improves profit growth. With a doctorate. in economics, Mary was a professor at naval academythe air force academyand Pacific University of Hawaiiteaching leadership and economics.

Mary’s 16 books on leadership and business are used in nine countries. His best-selling book, “Master Your World” was named a “must-read” by MENSA and MOAA.

Meridith Elliott-Powell

Voted one of the Top 15 Business Growth Experts to Watch by Currency Fair and one of the Top 20 Sales Experts to Follow by LinkedIn, Meridith Elliot Powell is an award-winning author, keynote speaker and business strategist. With a background in sales and business leadership, his career spans multiple industries including banking, healthcare and finance.

Both Mary and Meridith are among the top 50 business speakers in the world.

Contact Meridith or Mary to order books, schedule a consultation, or reserve one or both for your conference or corporate event.

Contact
Mary C. Kelly
email:[email protected]
719-357-7360

THE SOURCE Mary C. Kelly