Succession_Planning_Table Part One

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Management

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Jan 9, 2024

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BGMT 365 - Group Deliverable #2 - Succession Planning Table – Part One Directions: For each of the five open positions at Life Science Nutraceuticals, Inc. (LSN)., identify the leadership competencies most needed for a successful leader in that position. Under “source” identify the source (from course materials) that you will use for support of this competency. Sources may be from Weeks One, Two and Three. One example is provided for you. Position Leadership Competencies Source Sales Director, Middle East (Saudi Arabia) Possesses global and cultural intelligence Stockton et al., 2014, p. 12 Encourages adaptability Indeed, 2023, “Top 10 Leadership Traits,” para. 2 Utilizes cross-cultural communication skills SHRM, 2008, “Global Leadership Competencies,” para. 2 Regards diversity as an asset Comstock, 2023, “Core Skills & Competencies,” para. 1 Director of Research and Development Appreciates creativity Indeed, 2023, “Top 10 Leadership Traits,” para. 4 Presents themselves as a strategic leader Rowe & Nejad, 2009, “The Strategic Leader Defined,” para. 3 Takes risks and innovates SHRM, 2008, “Essential Leadership Competencies,” fig. 1 Is aware and perceptive of the business environment and future opportunities Center for Simplified Strategic Planning Inc, 2008, para. 6 VP of Headquarter Operations Manages politics and influences others SHRM, 2008, “Essential Leadership Competencies,” fig. 1 Displays confidence Indeed, 2023, “Top 10 Leadership Traits,” para. 3

Incorporates team-building activities Indeed, 2023, “Top 10 Leadership Traits,” para. 10 Values diversity and difference SHRM, 2008, “Essential Leadership Competencies,” fig. 1 Executive Director, North American Division Recognizes and utilizes windfall opportunities Bianca, 2021, "Missing Opportunities," para. 1 Ensures Organizational Sustainability Flowers, 2017, "Why Participate in Succession Planning?,” para. 1 Increases Transitional Success Flowers, 2017, "Why Participate in Succession Planning?,” para. 2 Creates a synergistic combination of managerial and visionary leadership Rowe & Nejad, 2009, "Strategic Leadership Constrained,” table 1 Director of Finance Uses strategic and financial controls Rowe & Nejad, 2009, "Strategic Leadership Constrained,” table 1 Measures organizational effectiveness through metrics Maloney, 2019, “5 Ways Leaders Can Produce Long-Term Organizational Effectiveness,” para. 2 Remains open-minded and flexible in thought and tactics SHRM, 2008, “Global Executive Competencies,” fig. 2 Deals with complexity SHRM, 2008, “Global Executive Competencies,” fig. 2

References Bianca, A. (2021, January 1). Why is strategic thinking important to the success of business? https://bizfluent.com/why-is-strategic-thinking-important-to-the-success-of-business.html Center for Simplified Strategic Planning, Inc. (2008) Strategic thinking: 11 critical skills needed. https://www.cssp.com/CD0808b/CriticalStrategicThinkingSkills/ Comstock, N. W. (2023). Critical skills: Leadership. Salem Press Encyclopedia , 4. Flowers, J. (2017, October 10). 9 tips for effective succession planning. Council on Accreditation. https://coanet.org/2017/10/9-tips-for-effective-succession-planning/ Indeed (2023, June 30). Leadership traits: 10 top qualities of effective leaders. https://www.indeed.com/career-advice/career-development/top-leadership-traits Maloney, D. (17, June 2019). Organizational effectiveness: The X factor for company success. Slack. https://slack.com/intl/en-in/blog/transformation/organizational-effectiveness-company-success Rowe, G. & Nejad, M. H. (2009, September/October). Strategic leadership: Short-term stability and long-term viability. Ivey Business School Foundation. https://iveybusinessjournal.com/publication/strategic-leadership-short-term-stability-and-long-term- viability/ SHRM (2008, March 1). Leadership competencies. https://www.shrm.org/ResourcesAndTools/hr- topics/behavioral-competencies/leadership-and-navigation/Pages/leadershipcompetencies.aspx Stockton, H., Dongrie, V. & Neveras, N. (2014, March 7). Leaders at all levels. Deloitte Insights. https://www2.deloitte.com/us/en/insights/focus/human-capital-trends/2014/hc-trends-2014-leaders-at- all-levels.html

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