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6-Step Succession Planning Process

SIGMA’s 6-Step Succession Planning Process

The succession planning process is dynamic – as organizational needs change, the succession plan must evolve as well. It is important to consider how employee aspirations and talents can be aligned with the internal and external environment of the organization [1]. Robust succession management provides a roadmap for success, ensuring the necessary structure to support effective, efficient, and consistent communication and implementation throughout all levels of the organization.

Here, we will introduce you to SIGMA’s 6-Step Succession Planning Process. Check out the overview for a high-level summary, as well as associated tools and templates. Below, we will walk you through each step in more detail and show you where you can download our free resources.

Why Plan for Succession? 

Most organizations recognize the importance of succession planning, and yet over 1 in 3 companies don’t have a plan. This can be costly. According to a recent study by Harvard Business Review (HBR), the S&P 1500 forgoes close to $1 trillion in market value each year due to poorly managed CEO and C-suite transitions. HBR estimates that better succession planning alone could help increase annual company valuations and investor returns by 20-25%. Unplanned succession often forces companies to hire externally, rather than benefiting from a well-developed internal talent pool and leadership pipeline to feed succession. Most people know this. SIGMA has worked with thousands of organizations across North America, and what CEOs continuously tell us is that they don’t plan for tomorrow because they can hardly keep up with the demands of today. Planning for succession certainly requires an investment of time and effort, which is why we’ve developed a practical and convenient guide to our succession planning methods that walk you through each stage of the process.

Download SIGMA’s Succession Planning Guide and begin creating your succession plan today.

SIGMA’s Succession Planning Process

SIGMA uses a six-step succession planning process. Each step has its own tools and templates. This easy-to-follow succession planning outline will help you understand how you can use SIGMA’s six-step process to create a succession plan for your organization.

For more instructions as well as links to download SIGMA’s form-fillable PDF templates, click on the drop-downs below.

Identify Critical Roles

Build Success Profiles

Nominate Succession Candidates

Develop Talent

Develop Talent

Measure Progress

Launch Your Succession Plan

If you’re ready to get started, SIGMA’s Succession Planning Launch can help you get off the ground. Give us five hours and we’ll give you a custom, 12-month succession plan for each member of your leadership team. To learn more, check out the website or contact Glen below.


Talk to an Expert.

If you’re interested in learning more about SIGMA’s leadership consulting and succession planning services, Glen is the guy for you. He knows our material inside and out, and can tell you first-hand stories of the work we’ve done with our clients. And just so you know, Glen doesn’t do sales – he does solutions. That might mean answering your questions, giving you our best tips and tricks, or pointing you to our FREE resources. Send him an email or give him a call! He’d love to chat with you.

Succession Planning Process FAQ


SIMPLE Succession Planning Certification

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