In 2014, Harry Vakili was ready to step out of the day-to-day business operations and oversee the company as the Chairman of the Board.
It was his plan to appoint his son, Sam Vakili, as the CEO of mcrIT. So in the 8 years leading up to Harry’s ‘retirement’, Harry and Sam worked with Peter Cox to receive leadership mentoring to polish his leadership skills and develop a business transition plan. Doing this would ensure Sam could independently lead the day-to-day management and strategic direction of the company.
As part of our succession planning services, we designed a mentoring program for Sam where we had a one-on-one session with him after every 4-6 weeks. This would give him a detailed insight into how he could lead his company in the right direction, improve organisational culture and retain his most talented and hard-wrorking team members.
In the monthly meeting with Sam and Harry, we would present them with a formalised written document. This document would highlight the key areas of progress they were making, and outline steps to take for further improvement.
After the implementation of business succession planning:
The mentoring sessions by Leadership Dynamics are helping businesses streamline their succession planning processes through effective team-building strategies and pinpointing areas that need improvement, so the organisations keep thriving under the emerging leadership, leading to massive growth in all areas.
If you want your organisation to benefit from our leadership coaching programs, give us a call.