Irked by the poor management succession planning which has bedevilled the operations of business organizations in Nigeria, Michael Stevens Consulting, a multidisciplinary managing accounting expert has strategically partnered with PGL Image Consulting to conduct an International Succession Planning Programme for institutions and corporate businesses on the 9th of July, at Wheatbaker Hotel, Ikoyi.
The programme is said to be an extension of its business advisory strategies for over two decades of operation, geared towards the intervention in the abrupt end of businesses as a result of poor succession planning. As Nigeria’s industrial, commercial, and consumer markets continue to expand, business organizations will have to adapt rapidly so as to ensure continuity and sustainability of the business.
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Francis Kudayaa, the managing partner Michael and Stevens Consulting said, most business organisations in Nigeria may have been impeded in their operations as a result of poor succession management, while some companies may have gone into extinction.
Similarly, Alero Abada, the executive partner, PGL Image Consulting said: “Succession planning has always been in existence right from inception and the importance of a good one cannot be over emphasized.”
Alero continued: “Corporate bodies, directors, CEO, top government functionaries need to understand the difference between replacement planning and a good succession planning. The knowledge of how to successfully prepare people to take adequate responsibilities of leadership will ensure the continuity and sustainability of organisations.”
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