Purpose: Used to analyze and plan for management transitions.

Key Attributes: Extensive analysis regarding key strengths, weaknesses, opportunities and threats facing existing and planned (future) management. Identifies risks and challenges facing incoming management and provides strategies, tactics and actions to effect a smooth transition. Formalizes company culture, methods, and operating structure, and provides a blueprint for employees, partners, and other stakeholders. Often lays out a roadmap detailing roles and responsibilities for new management, as well as the process by which control will be transferred. Typically includes metrics to measure and track progress.

Who Needs It:

» Family-owned businesses transferring control to the younger generation
» Merger or acquisition situations involving a change in management
» Established companies preparing for the retirement of key executives.

What It Does:

» Gets all parties involved (management, employees, etc.) on the same page, sharing the same vision
» Reduces the risk and ambiguity inherent in succession planning
» Establishes a roadmap for the seamless transition of control.

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