Michael Stevens Consulting, an outsourcing and business advisory 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, as part of its efforts to remedy the poor management succession planning which has bedevilled the operations of business organizations in Nigeria.
The organisation of the programme is said to be an extension of its business advisory strategies for over two decades of operation, geared towards the intervention of abrupt end of businesses as a result of poor succession planning. As Nigeria’s industrial, commercial, and consumer markets continue to expand, business organisations will have to adapt rapidly so as to ensure continuity and sustainability of the business.
Francis Kuday, the CEO of Michael and Stevens Consulting said, most business organisations in Nigeria may have been impeded in its operations as a result of poor succession management, while some have companies may gone into extinction.
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We have partnered with PGL Consulting an expert in image making to carry out this programme, of which succession management experts in Nigeria and across the world would extensively cross fertilize the theoretical and practical aspects of a good succession planning.
Francis said, a good succession planning lays is fundamental to the sustainability of any business, and that is the one of the most challenging aspects to any entrepreneur. A fastidious succession planning goes beyond a mere replacement of leadership positions, to a successful and thriving transition. For many decades Guinness, Cadbury, and many other big organisations have been able to be in operation till date, as a result of good succession planning. The programme is not restricted to any organisation as long as the sustainability of any organisation or corporate body is essential, Francis insists.
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.
With the consistency in the increase recorded by global markets, including the Nigerian market, there is also modifications and the inventions of succession models which guides any organisation in its succession planning.”
