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Your Succession Plan Is Probably a Lie
Description
Most succession plans are not succession plans. They're lists. They're decks. They're boxes checked in service of a board calendar. And everyone in the room knows it. Over half of CEOs and board members report they have little confidence their succession process positions them well for the future. Only 31% of CEOs strongly agree they have a viable pipeline of candidates. After a decade of Deloitte telling us that 86% of leaders think succession planning is urgent but only 14% think they do it well, nothing has changed.
Jackson Lynch and co-host Scott Morris go after the real reason succession planning stays theatrical: the vagueness is strategic. It lets managers avoid hard conversations, lets HR check a compliance box, and lets executives avoid accountability for development that never happens — while a trillion dollars of enterprise value gets destroyed quietly, one inadequate leadership transition at a time.
The conversation moves from diagnosis to action: how to shift from succession planning to ascension planning, why the forcing mechanism is everything, and what it looks like to actually tell the truth about who's ready and who isn't.
What You'll Learn
- Why starting with names instead of outcomes is the original sin of succession planning — and how reversing that order changes everything downstream
- The difference between a development plan and an ascension plan: specific experiences engineered to test specific gaps against a defined outcome standard
- Jackson's one-by-two-by-four framework for succession depth — and why timing never enters the conversation
- How to use tabletop exercises, borrowed from IT security, to expose the gaps your spreadsheet will never surface
- Why readiness is a confidence function, not a calendar function
- What it actually takes to say "we don't have an internal successor" — and why that's the unlock, not the failure
Key Quotes
"A name without a development plan is hopium. It's not a plan."
"Readiness is a confidence function, not a calendar function."
"The value of succession planning isn't the plan — it's the conversation the plan forces you to have."
"Development happens through movement. Not intention. Not vague language. Movement."
Sources for Statistics Cited
- Heidrick & Struggles CEO & Board Confidence Monitor, 2024
- Fortune/Deloitte CEO Survey, Winter 2024
- Deloitte Insights
- HBR, May–June 2021
- Center for Creative Leadership
- Egon Zehnder CEO Survey, 2018
- DDI Global Leadership Forecast 2021
- Talent Strategy Group
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Coaching is where it closes fastest — Jackson has developed CHROs from both sides of the table, as their leader and as their coach. The CHRO Ascent Academy, CHRO Chronicles, and the best-selling Substack are there too.
All at mytalentsherpa.com.
In private equity: Propulsi