Long-term succession planning is a service offered by Abstone Lalley DeNio, Inc. Our process for developing a proactive succession plan typically involves two phases:
Our process starts by reviewing the firm’s current strategic plan. Our goal is to analyze the firm’s current position and how it aligns with that plan. Next, we meet with and interview the firm’s leadership to begin the process of developing a new strategic plan that outlines the firm’s 10-year objectives.
ALD, Inc. will develop a firm-wide succession strategy focusing on a myriad of key factors, including:
After developing the succession plan, ALD, Inc. will also help with the implementation of the new plan if the client chooses. Full implementation of a succession plan can take anywhere from 12-36 months. This process could include testing the plan in real-time, assisting with the integration of the plan into the firm’s hiring efforts, and establishing training programs and professional development for new leaders.