Learning from Failures and Succession Planning MODULE - 06 Learning from Failures and Succession Planning

5 Steps of Succession Planning Identify key areas and key positions Identify capabilities for key areas and key positions Identify interested employees and assess them against capabilities Develop & implement succession and knowledge transfer plans Evaluate Effectiveness

Failure is the discipline through we advance

Problem with employees Afraid to fail Afraid to make mistakes Worry Constantly about meeting expectations Try something new

Role of a Leader Give room for mistakes Create an environment where employees have the courage to try out new things Provide guidance to learn from mistakes

Warning signs for Upcoming Failure A shift in focus Poor communication Poor Self Management Risk Aversion Ethics Slip (Competence & Character) Lost Love

Why Leaders Fail??? Failing to learn from past events & trying new situations Fail to put the right people in the right jobs Fail to establish effective interpersonal relationships Resolve problems quickly Too focused on process – Creativity lost Acknowledging the failure Fail to see a upcoming problem/ or covering up the problem

Overcoming Failures… Have a genuine interest in people Must be able to judge individuals, lead teams & coach people Be ruthless to people when required Avoid undue favoritism

Overcoming Failures… Be a visible role model – Eg Consumer focus Constant follow up with your actions Be personally involved in working changes through people Develop good listening skills – accept feedback Be a good communicator Develop a good sense of humour Develop your self awareness