Succession Planning – Part I

April 3rd, 2015 by Mary Kay Hyde-Bohn

What is Succession Planning – Part I

Succession planning is not just a term for ‘end of life’ planning.

It’s the planning of moving your employees through team leadership, management and into organizational leadership.

Let’s tackle the ‘end of life planning’, or rather the ‘end of the organizational relationship’ planning first. You or someone from your key leadership may leave – its life!

What to do and how to do the transition will be important to the stability inside the organization and to the public.

  • Determine who the key owner/partners are – typically they have a partnership agreement – then ask them to get a current will written and to include mention of the organization.
  • Have organization lawyer update the partnership agreements to include mention of will by name of individual (and lawyer’s name).
  • Partnership agreement should also include mention of divorce, buyout, abandonment or going to work for a competitor.
  • Everyone should have a backup that is cross-trained to handle daily tasks until the position is filled.
  • Have Communication or Marketing team draft statements to have ready for several situations.
  • Have the same team make a list of who to communicate this change and which media to use.
  • The HR team should have a list of tasks that need to be done from records to email or social media accounts.

Stay tuned for Part II …

Starting the discussion on Crisis Planning

March 31st, 2015 by Mary Kay Hyde-Bohn

Pothole (little crisis) vs. Sinkhole (big disaster)

To start any discussion on preparedness or crisis planning, you must start at the beginning of your business processes – your daily tasks.

The Business Continuity Partners of the West philosophy is that preparedness starts with the daily details: process, vendors, suppliers, employees, employee cross training, equipment & tools all being able to work every day with consistent maintenance. Then the business owner and partners (employees & external team) can decide what actions to take to respond to little crisis (potholes) and plan for the big disaster (sinkholes) response.

As business owner or highest partner in an organization you need to identify and work with your external partners on a regular basis: Banker, CPA, Insurance Agent and Lawyer. These folks are in business to keep you in business. The external circle of partners expands as you identify your vendor partners, facility partners, not to mention your customers are depending on you and your team to deliver your product(s).

Next you will identify your internal partners, those employees that will help identify and document your processes, support tasks and all details around vendors or suppliers. These should be the folks that also are free to point out the gaps and propose solutions.

In coming articles, we’ll explore those things that can cause potholes, because if you can’t manage through the potholes, you surely will not survive a sinkhole!

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Business Continuity Partners of the West

August 18th, 2014 by Mary Kay Hyde-Bohn

Business Continuity Partners of the West is THE resource to make sure your business never screeches to a halt again!

We share resources and most importantly – a methodic workbook approach to Emergency Preparedness.

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