{"id":6493,"date":"2019-06-06T14:32:30","date_gmt":"2019-06-06T14:32:30","guid":{"rendered":"https:\/\/www.walkme.com\/blog\/?p=6493"},"modified":"2023-05-02T15:46:14","modified_gmt":"2023-05-02T15:46:14","slug":"simplify-succession-planning","status":"publish","type":"post","link":"https:\/\/www.walkme.com\/blog\/simplify-succession-planning\/","title":{"rendered":"How This Digital Tool Simplifies Succession Planning"},"content":{"rendered":"<p>Without a comprehensive succession plan, the departure of a CEO can have a monumental effect on an organization\u2019s future.<\/p>\n<p>Take the <a href=\"https:\/\/www.vox.com\/2018\/9\/24\/17899342\/instagram-cofounders-depart-kevin-systrom-mike-krieger\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">resignations<\/a> of Kevin Systrom and Mike Krieger, co-founders of Instagram. The sudden CEO and CTO departures sparked a wave of effects for both Instagram and its parent company, Facebook. Facebook\u2019s stock value sunk, user privacy concerns rose, and questions on the overall stability of the company\u2019s leadership emerged.<\/p>\n<p>Though not all CEO departures are as dramatic as Instagram\u2019s, the potential disruption incited by a <a href=\"https:\/\/www.walkme.com\/blog\/digital-transformation-leadership\/\" target=\"_blank\" rel=\"noopener noreferrer\">leadership<\/a> transition can have major consequences for internal functions and public perception of a company. That\u2019s why comprehensive succession planning is essential for modern enterprises of all sizes.<\/p>\n\n<h2>CEO departures are at an all-time high<\/h2>\n<p><a href=\"https:\/\/www.challengergray.com\/press\/press-releases\/2018-year-end-ceo-turnover-report-1452-ceos-left-posts-most-recession\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Challenger Gray<\/a> reports that CEO turnover reached a new high in 2018, with over 1,452 CEOs leaving their posts.<img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-6497\" src=\"https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2019\/06\/shutterstock_552201991-1.jpg\" alt=\"succession planning\" width=\"400\" height=\"267\" srcset=\"https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2019\/06\/shutterstock_552201991-1.jpg 1000w, https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2019\/06\/shutterstock_552201991-1.jpg?resize=300,200 300w, https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2019\/06\/shutterstock_552201991-1.jpg?resize=600,400 600w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/p>\n<p>The increase in turnover means succession planning must be a top priority.<\/p>\n<p>Succession planning ensures new executive leadership is adequately prepared and supported when they <a href=\"https:\/\/www.walkme.com\/blog\/onboarding-new-employees\/\" target=\"_blank\" rel=\"noopener noreferrer\">step into their new role<\/a>. In order to make a smooth handoff, your succession plan should include a few main components:<\/p>\n\n<ul>\n \t<li>Sharing all essential information and resources<\/li>\n \t<li>Active involvement from the outgoing executive<\/li>\n \t<li>Full integration with the strategic plan<\/li>\n \t<li>System in place to identify gaps in the succession<\/li>\n<\/ul>\n<p>It may sound straightforward, but in the modern digital workplace, succession planning must take into account the need for incoming leaders to be fluent in a wide range of platforms and apps.<\/p>\n<p>Without a deep understanding of how the business\u2019s internal and external systems operate, it will be impossible for a new leader to raise business performance to the next level.<\/p>\n<p style=\"text-align: center;\"><span style=\"color: #ff9900;\"><em><strong><a style=\"color: #ff9900;\" href=\"https:\/\/www.walkme.com\/blog\/digital-leadership\/?utm_source=blog&amp;utm_medium=inlink&amp;utm_campaign=proceed_ratio\" target=\"_blank\" rel=\"noopener noreferrer\">Dive Deeper: 3 Steps for Aligning Leadership in the Digital Age<\/a><\/strong><\/em><\/span><\/p>\n\n<h2>A digital solution for a digital challenge<\/h2>\n<p>An alarming number of CEOs fail to meet the technical requirements of their new role. <a href=\"https:\/\/hbr.org\/2016\/12\/succession-planning-what-the-research-says\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">HBR<\/a> estimates that 40% of new CEOs fail to meet performance expectations in their first 18 months.<\/p>\n<p>As digital tools play an increasingly important role in business strategy and day-to-day operations, a <a href=\"https:\/\/www.walkme.com\/blog\/digital-adoption-solution\/\" target=\"_blank\" rel=\"noopener noreferrer\">more capable digital solution<\/a> is integral to adequately train your new leader.<\/p>\n<p>While CEOs aren\u2019t \u201cin the trenches\u201d of many enterprise tools like mid-level employees, they are still expected to master and perform on a <img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-6498\" src=\"https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2019\/06\/shutterstock_682694722-1.jpg\" alt=\"digital adoption\" width=\"400\" height=\"267\" srcset=\"https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2019\/06\/shutterstock_682694722-1.jpg 1000w, https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2019\/06\/shutterstock_682694722-1.jpg?resize=300,200 300w, https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2019\/06\/shutterstock_682694722-1.jpg?resize=600,400 600w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/>variety of tools. In-line digital solutions, such as a <a href=\"https:\/\/www.walkme.com\/digital-adoption-platform\/\" target=\"_blank\" rel=\"noopener noreferrer\">Digital Adoption Platform (DAP)<\/a>, provides one of the most efficient ways for CEOs to learn these new skills and thrive in their new role position.<\/p>\n\n<h3>CEO onboarding has to be fast<\/h3>\n<p>We often discuss the importance of what leading HR expert Josh Bersin calls \u201c<a href=\"https:\/\/www.walkme.com\/blog\/learning-in-the-flow-of-work\/\" target=\"_blank\" rel=\"noopener noreferrer\">learning in the flow of work<\/a>,\u201d or firsthand, experiential learning. Training methods that enable employees and leaders to gain new skills while actually completing tasks drastically improves knowledge retention and speeds up onboarding.<\/p>\n<p>A digital adoption platform supports successful CEO onboarding in a few primary ways.<\/p>\n<p><strong>1. Reliable and effective training.<\/strong> It\u2019s imperative to ensure newly installed executives have access to all training materials, information, and resources whenever they need it. While mentors are an important part of onboarding, completely relying on others to implement training will most likely lead to missed information and unanswered questions. On the other hand, a DAP can <a href=\"https:\/\/www.walkme.com\/blog\/software-onboarding-knowledge-sharing\/\" target=\"_blank\" rel=\"noopener noreferrer\">instantly direct a user<\/a> to any information with a single click.<\/p>\n<p><strong>2. Contextual guidance.<\/strong> On-screen, <a href=\"https:\/\/www.walkme.com\/blog\/contextual-learning-employee-training\/\" target=\"_blank\" rel=\"noopener noreferrer\">real-time guidance<\/a> that helps new users complete processes is paramount to learning in the flow of work. Without a solution that provides tailored advice in the moment of need, onboarding will remain slow and laborious. Based on predefined algoithms, a DAP assess a wide range of user contextual factors in order to deploy the right prompts at the right time. From there, the platform guides the user through any process, step-by-step.<\/p>\n<p><strong>3. In-depth view of an organization\u2019s current state using tech.<\/strong> Finally, a DAP enables new executives to see exactly how employees <img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-6499\" src=\"https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2019\/06\/shutterstock_522883786-1.jpg\" alt=\"digital adoption solutions\" width=\"400\" height=\"267\" srcset=\"https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2019\/06\/shutterstock_522883786-1.jpg 1000w, https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2019\/06\/shutterstock_522883786-1.jpg?resize=300,200 300w, https:\/\/www.walkme.com\/blog\/wp-content\/uploads\/sites\/2\/2019\/06\/shutterstock_522883786-1.jpg?resize=600,400 600w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/>are using the organization&#8217;s enterprise software. Now more than ever, CEOs must play a lead role in designing the organization\u2019s digital strategy. To do so effectively, he or she must understand how employees are <a href=\"https:\/\/www.walkme.com\/blog\/user-engagement\/\" target=\"_blank\" rel=\"noopener noreferrer\">currently using software<\/a>. The DAP\u2019s analytics capabilities provide a complete look at how many active users are on a platform, which processes have the most friction, where users drop off, and where optimization is required.<\/p>\n<p style=\"text-align: center;\"><span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/go.walkme.com\/l\/169332\/2018-10-24\/28r8jd\" target=\"_blank\" rel=\"noopener noreferrer\"><em><strong>Like what you\u2019re reading? Subscribe to the blog for fresh insights delivered right to your inbox!<\/strong><\/em><\/a><\/span><\/p>\n\n<h2>Set up your succession planning efforts for success<\/h2>\n<p>Incorporating digital tools to aid succession planning in your business is essential for helping new leadership succeed.<\/p>\n<p>Without an efficient way to onboard new leaders, ensure around-the-clock access to support, and enable them to see how employees currently use software, the risk of failure at the onset of their term rises.<\/p>\n<p>Digitizing your succession plan lets you guarantee all of the right information is passed on at the right time. Using a digital adoption platform to train incoming executives will minimize disruption and get the new CEO up to speed.<\/p>\n<div class=\"blog-bottom-text-main\"><div class=\"blog-bottom-text-sub\"><p><span><em><strong>WalkMe\u2019s Digital Adoption Platform (DAP)<\/strong> transforms the user experience in today\u2019s overwhelming digital world. Using artificial intelligence, engagement, guidance, and automation, WalkMe\u2019s transparent overlay assists users to complete tasks easily within any enterprise software, mobile application or website. Discover how a DAP can revolutionize your business.<\/em><\/span><\/p> <div class=\"blog-bottom-link\"><a href=\"https:\/\/www.walkme.com\/pages\/dap-cv-2-help-your-users-engage-technology\/?eco=training&amp;adin=simplify-succession-planning-al01&amp;land=dap-cv-2-help-your-users-engage-technology&amp;pitch=Adoption-Promotion%20\" class=\"short-link-class btn-short-link-class\" target=\"_blank\" rel=\"noopener\">Request a Demo<\/a><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"Without a comprehensive succession plan, the departure of a CEO can have a monumental effect on an organization\u2019s future. Take<span class=\"moretag\">&#8230;<\/span>","protected":false},"author":246,"featured_media":6494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"mobile_image_id":0,"tablet_image_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89,87],"tags":[301,349,178],"class_list":["post-6493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-transformation","category-training-onboarding","tag-digital-leadership","tag-executive-transitions","tag-wmb-to"],"acf":{"__coauthors":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How This Digital Tool Simplifies Succession Planning - WalkMe Blog<\/title>\n<meta name=\"description\" content=\"Incorporating advanced digital tools into your succession planning effort helps you ensure a smooth leadership transition. 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