succession planning presentation by iwcci
TRANSCRIPT
Succession PlanningBy
Samina Fazil,President
Islamabad Women Chamber of Commerce & Industry
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Succession Planning
Succession planning in Chamber is a process for identifying and developing members with the potential to fill key leadership positions in the Chamber. Succession planning increases the availability of experienced and capable members, that are prepared to assume these roles as they become available for holding Executive positions in Chamber.
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Succession planning In chamber ensures that executive members are chose and developed to fill each key role within the chamber. Through our succession planning process, we chose superior members, develop their knowledge, skills, and abilities, and prepare them for advancement or promotion into ever more challenging roles like President or Vice President.
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Succession PlanningProcess
Succession planning is a systematic approach to: • Building a leadership/talent pool (Executive
members) to ensure leadership continuity • Developing potential successors in ways that
best fit their strengths • Identifying the best members for the Standing
Committees.
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What are the Qualities ofSuccessors in Chambers?
• They are aware of Chambers Vision, Mission and objectives
• They have the leadership quality in them• They are committed and dedicated towards
chamber goal and aims to carry it forward.• Other Ex. committee members and chamber staff
are encouraged and motivated by them.• They should do capacity building of other
members.
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Leadership Qualities
• They know the Mission, Vision, Goal of the organization
• They possess strong communication and interpersonal skills
• They have can do, get it done attitude• They are inspirational and ambitious• They take forward a strong team.
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6Steps Succession
Planning
Link Strategic andWorkforce
Planning Decisions
Monitor and Evaluate Analyze Gaps
Develop SuccessionStrategies
Implement Succession Strategies
Identify Talent Pools
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Step 1: Link Strategic andWorkforce Planning Decisions
This step involves: • Identifying the long-term vision and direction of
members• Analyzing future requirements for services for
members• Using data already collected (Membership
enhancement)• Connecting succession planning to the values of the
organization • Connecting succession planning to the needs and
interests of senior leaders.
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Step 2: Analyze Gaps
This step involves:• Identifying major activities for long term planning of
the chamber• Identifying members issues (Export related quires, Tax related information's, Product Marketing)• Developing a chamber plan based on long-term plans
of activities for members (Workshops, Product Launches, Trainings, Exhibitions
etc)
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Step 3: Identify Talent Pools
This step involves: • Using pools of members vs. development of positions
(Formation of Standing Committees)• Assessing competency and skill levels of current
workforce• Feedback through Feed back and Need Analysis
forms• Analyzing external sources of talent.
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Step 4: Develop SuccessionStrategies
Identifying development/learning strategies: • Planned job assignments for Executive
Members• Coaching and mentoring like in past Trainings
from CIPE for Executive Members, Secretary General, Deputy Secretary
• Assessment and feedback forms
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Step 5: Implement Succession Strategies
This step involves: • Implementing development/learning strategies
(For Example: Planned job assignments for executive members, formal development for members)
• Communication Planning (Interaction and Building linkages with different Banks, Ngo’s etc)
• Determining and applying measures of success (Progress in strategic goals, activities etc)
• Implementing strategies for maintaining senior level commitment. (President, Vice President and Executive Committee)For example executive members should fulfill duties assigned to them, President, Vice President must fulfill their key duties.
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Step 6: Monitor and Evaluate
This step involves: (When we monitor the performance of Executive Committee Members we choose the President , Vice President out of them)
• Tracking selections from talent pools that is Executive Committee
• Listening to leader (President ) feedback on success of executive committee members
• Analyzing satisfaction surveys from other executive members.
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“Succession planning isn't an event, it is a process that is best managed over three, five, even 10 years,' because it involves building a
pipeline of talent”(Joseph Bower)
Thank You