Forbes.com | Small Business
By Sunny Ackerman, August 22nd, 2024
Succession Planning For Tech Leadership Roles Can Help Companies Remain Competitive
Through strategic succession planning, companies can minimize the chances of key tech leadership roles going unfilled, which could cause them to lose their competitive edge. Without the right tech leadership at the helm, companies will lack direction. Internal decision-making can be severely hindered, and innovation can stall.
In the rapidly changing business world, teams can’t risk failing to adapt and innovate. The sooner companies act, the better they can be prepared in light of swift technological advancements and the more effectively they can get ahead of the talent shortage.
The companies that start taking steps today to put succession plans in place for key tech leadership roles will be able to future-proof themselves—and stand out in the market.
Many companies are not prepared to savvily navigate emerging technologies.
Sunny Ackerman, Global Managing Partner, Heidrick & Struggles
A 2024 report from Business Talent Group found that “95% of executives anticipate challenges in securing the balanced mix of skills, capacity, and expertise over the next 3-5 years.”
Moreover, in our “2023 Global Chief Information Security Officer (CISO) Survey” 41% of respondents indicated that their companies lack succession plans for the CISO role.
