Effective succession planning: 4 tips

In a Forbes article, Stephen A. Miles, a vice chairman and the managing partner of leadership advisory at the executive search firm Heidrick & Struggles, discusses succession planning, and how to make sure it is completed efficiently and effectively.

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Here are four tips:

 

1. Fully engage your stakeholders and set the criteria.
2. Assess your internal candidates.  
3. Conduct a stress test and simulation.
4. On-board the successor.

More articles on practice management:

Improving customer services: 12 tips
Ambulatory surgery center primer: How to build an ASC in 2014
Will physicians switch to concierge practices? 4 statistics

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