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[Music] hello im harold lewis a leadership expert and a member of the ama faculty managing the succession of talent is vital in every organization so that gaps in leadership can be minimized and so high potential talent can be developed for possible future roles always keep in mind the five steps of succession planning the first is a business review in this step consider your organizations business strategy and what it means in terms of the leaders you will need for example are you a startup do you need to turn the business around realign to a new business model or sustain or increase your success the second step is a talent needs forecast decide how many people youll require in critical roles what experience and skills they must have and how you will choose them next lets take a talent inventory who do you have now where are they in their development whats their potential and for what roles the fourth step is a talent review what plans do you have for developing your talent and f
