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The Decathlon of Mistakes in Executive Succession Programs

Published January 24, 2026, 05:10
The Decathlon of Mistakes in Executive Succession Programs

The article discusses common mistakes made when implementing Executive Succession Programs (ESPs) in businesses. ESPs are vital to ensure the smooth operation of a company in the event of unforeseen circumstances, such as retirements or departures of executives. However, their effectiveness is often undermined by errors in design and implementation. One of the most common mistakes is treating the ESP as a one-time process, while in reality, continuous updating and adaptation to the changing needs of the business and the market are required. Also, ESPs often focus exclusively on top executives, overlooking important middle management and other employees who play a crucial role in the company. Another mistake is preferring external hires over leveraging existing talent. Promoting executives from within the company has the advantage of immediate adaptation and knowledge of the corporate culture and systems. For selecting the right candidates, it is suggested to study annual evaluations and conduct 360-degree assessments. Finally, the importance of continuous training and development for executives participating in the ESP is emphasized, as well as providing opportunities to acquire new skills and experiences. A well-designed and implemented ESP can be a significant advantage for the business, ensuring continuity and competitiveness.