BMGT 365 – Team Deliverable #2 – Succession Planning for – Part One
The purpose of this project is to gain an understanding of succession planning and what it means to plan for future leadership that is aligned with an organization’s core values and leadership competencies.
You are also completing this project to help you develop the skills of research, critical thinking, teamwork, and writing a report intended for executive review. Writing is critical because, in business, it is important to convey information clearly and concisely and to develop a personal brand. Developing a personal brand is important because it is the ongoing process of establishing an image or impression in the minds of others, especially those in positions above you. Having a strong personal brand can lead to opportunities that include promotions.
Skills: Writing, Critical Thinking, Developing a Personal Brand, Succession Planning, Writing a Succession Plan Report.
Outcomes Met With This Project:
Use leadership theories, assessment tools, and an understanding of the role of ethics, values, and attitudes to evaluate and enhance personal leadership skills;
Assess the interactions between the external environment and the organization to foster responsible and effective leadership and organizational practices;
Collaborate in teams utilizing effective communication techniques;
Develop individual awareness, style, and communication skills that enhance leadership skills;
Integrate and apply analytical principles and skills to make strategic decisions.
Background: Your Group has been assigned to be part of the Succession Plan Committee at Life Science Nutraceuticals, Inc. (LSN).
This Committee has been hard at work for months, planning the successor for Alexandra Marvel and the rest of the executive team (largely occupied by the Marvel). They have assigned your group to complete the Succession Plan for five key leadership positions at LSN. These positions will need to be filled over the next 12-24 months. There is not an immediate need for any of them currently, but vacancies will be imminent. The preference is to fill these internally, but Ms. Marvel, the CEO, has stressed that if the right leader for a position does not exist already within the company, she would rather search for someone external to the company.
Step 1: Course Material (All readings have been added to the attachments or links below)
For this project, you are required to use the case scenario facts and the course material. External sources are not permitted. You are not researching on the Internet or using resources from outside the course. You are expected to answer the requirements identified below, showing the connection between the case scenario facts and the course material. Using course material goes beyond defining terms and explains the ‘why and how’ of a situation. Avoid merely making statements but close the loop of the discussion by explaining how something happens or why something happens, which focuses on importance and impact. In closing the loop, you will demonstrate the ability to think clearly and rationally, showing an understanding of the logical connections between the ideas presented in a case scenario, the course material, and the question(s) being asked. Using one or two in-text citations from the course material throughout the entire paper will not earn many points on an assignment. The use of a variety of course material is expected to support what is presented consistently. The support must be relevant and applicable to the topic being discussed. Points are not earned for mentioning a term or concept but by clearly and thoroughly explaining or discussing the question at hand.
Step 2: Preparation
Review the Leadership Competencies Table completed in Week Two to accompany the Job Announcement. (In the attachments)
Step 3: Upcoming Open Positions at Life Science Nutraceuticals, Inc. (LSN)
Read the five different upcoming positions for which your group has been tasked with filling.
As part of the Succession Plan Committee, your team has been tasked with identifying future leaders for the following five positions that will be open over the next 12-24 months:
Position 1: Sales Director, Middle East
Location: Riyadh, Saudi Arabia
Reports to: Executive Director, Asia Division
LSN’s Asia Division will be opening its first Middle East location in Saudi Arabia in the next 12 months. An Operations Director will be needed to head up this new division. A team of local salespeople will need to be recruited, hired, and trained by this leader. It is expected that this sales team may be largely men.
Two sources that are recommended for more information about doing business in Saudi Arabia are:
Guide to Saudi Arabia Etiquette, Customs, Culture, and Business
Saudi Arabia Management Guide
Position 2: Director of Research and Development (R