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Business & Marketing
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MGT 401: Management

Essay Instructions:

Rothwell, W. (2005). Chater 1: What is succession planning and management.Effective Succession Planning : Ensuring Leadership Continuity and Building Talent from Within (3rd Edition). AMACOM Books. Saranac Lake, NY, USA., pp. 7-39 [Ebrary]

Winum, P., & Saporito, T. (2012). Chapter 2: Success or failure—The cause and cost. Inside CEO Succession : The Essential Guide to Leadership Transition. Jossey-Bass, Somerset, NJ, USA [Ebrary]

Watkins, M. (2010). How to deal with the sudden loss of a CEO. Bloomberg Business Week. Retrieved from:http://www(dot)businessweek(dot)com/managing/content/aug2010/ca20100811_836091.htm

How to do succession planning (n.d.).  Free Management Library, retrieved from:http://managementhelp(dot)org/staffing/succession-planning.htm

Required Case Assignment Reading

Life after Warren; Berkshire Hathaway. (2014, Apr 26). The Economist, 411, 14. [ProQuest]

Guerrera, F., & Lemer, J. (2010). Corporate succession: Warren Buffett. FT.Com[ProQuest]

 

Module 5 – SLP assignment

CHANGES IN LEADERSHIP AND CEO SUCCESSION

Assignment Instructions

For the Module 5 SLP think about a time when your supervisor or another senior manager in your workplace was replaced.  Carefully reflect on the issues and challenges involved in this leadership transition, and think about how the background readings apply to this experience.  Then write a 2-page paper addressing the following issues:

  1. Describe the circumstances in which this manager was replaced.  What led to this person being replaced, and how was a successor chosen?
  2. Was the transition smooth, or were there difficulties involved?
  3. Choose one of the articles or book chapters from the background materials that you think would have been most useful for this leadership transition, and discuss how you think one or more of the concepts from this article or book chapter could have been applied in your workplace. 

SLP Assignment Expectations

  • Follow the assignment instructions closely and follow all steps listed in the instructions.
  • Stay focused on the precise assignment questions. Don't go off on tangents or devote a lot of space to general background materials.
  • List supporting references and cite sources in proper format.
  • Use appropriate writing style in essay form (organization, grammar, and spelling).
  • Review our “Writing Style Guide” for more detail on referencing and writing expectations. This guide is found under “My Resources” in the TLC portal.
Essay Sample Content Preview:

Management
Student:
Institution:
Describe the circumstances in which this manager was replaced. What led to this person being replaced, and how was a successor chosen?
There was a time that I was working in another company and all of the sudden the top manager was replaced by another under the following circumstances. The company’s performance was going down and also there were low sales in the market that were associated with low profits and even at times losses. This would lead to poor performance of the company and this led to the replacement of the top manager as he was considered a non-performer in his duration of duty in office. The following are the reasons that led to the replacement of the manager by another (Krass, 2000).
At first the manager was accused of abuse of office by neglecting some of his duties as a manager and this is one of the reasons that was leading to the failure of the company and hence the solution was to replace the manager with another one. He was also accused of other misconduct like mismanagement of funds that he used and was never accounted for in the books of accounts. The manager travelled in places that were not specifically in line of duty with the company funds.
The manager had also allowed recruitment of low skilled employees in his favor leaving out qualified employees; this led to low performance and production of low quality goods as the employees were of low quality and hence the company had recorded low profits (Strebel, 1992). His successor was chosen through interviews that were carried out by the rest of the company management. The successor was selected on grounds of experience and academic qualifications.
Was the transition smooth, or were there difficulties involved?
The transition was not smooth as the management was provided with a little time frame in order to find another manager since the company had to continue to be in operation (Watkins, 2010). This was also difficult as the top positions req...
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