Most succession plans at major corporations are failures, at least according to the senior executives who closely examine such plans.
Korn Ferry surveyed senior managers and leaders at a wide range of organizations on the topic. The word from the field was pretty clear: 64 percent indicated varying degrees of unhappiness with the succession strategy in place where they work.
Meantime, 77 percent said their company did not have a "ready now" pipeline of talented professionals to move up the pipeline as needed.
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