Succession Planning

After twenty-five years of growing a successful specialty pharmaceutical

firm, the company’s owners wanted to start the process of “passing the baton” to the next generation of company leaders.  GGN was engaged to review the organization’s strategy, organization, strengths and weaknesses, leadership and key personnel in the context of the owner’s goals and objectives.  We found the firm had considerable strength in the areas of customer experience management, operational excellence and marketing but lacked a clear succession strategy and had  personnel “gaps” in key leadership areas.  Our firm worked with the owners and managers to fill the personnel gaps by getting the right people in the right places.  In addition, we continued to work with, coach and mentor key managers helping them develop the skills needed to move into leadership positions.  With the right team in place, we were able to develop an overall long-term strategy for the firm, including an executable succession strategy and plan designed to meet the owner goals.