Wisdom Learning Ser-IES: Guest Webinar on "TalentQuestTV's YouTube channel on 'Best Practice Succession Planning - Integrating the System with the Process'"

       

Event Report Title of the Event : Student Centric (Club / FG Activities) In-charge Faculty : Prof. Dr. Mrs. Merlyn Michael D`souza Day : Monday Date : 11- Jul-2024 Time : 1 PM - 1:30 PM Venue : 307-Class Room Audience (for whom conducted) : HR Specialization students Number of people attended: 6 Topic : TalentQuestTV's YouTube channel on 'Best Practice Succession Planning - Integrating the System with the Process' Organized by which Club : HR Club - HR Matrix The esteemed Organisers are:-  TalentQuest at their Website: http://www.talentquest.com/talent-man... TalentQuest is a Talent Management solutions provider. Their YouTube Channel WebCast On-demand webinar Photographs : 1. Webcast Introduction to webinar slide presentation 2. Students glued with interest on the screen 3. HR Club Faculty-in-charge, Dr. Mrs. Merlyn Michael D'souza watching the session in attendance Dr. Mrs. Merlyn Michael D’souza facilitated the arrangement under HR club activities with attentive path at viewing at your own pace the live webinar readings. Live YouTube Link--> https://youtu.be/ACe1SKeFXRQ?si=huGXTuklKO7BeIow Some of the key points that were covered by the pioneer in the field is listed below:

Here are some of the five key points from the webinar:

1. Introduction and Structure: John Nathan, VP at Talent Quest, introduces the webinar on succession planning, outlining a 45-50 minute presentation followed by a 10-minute Q&A session.

2. McDonald’s Succession Planning: McDonald’s successfully managed CEO transitions despite unexpected events, demonstrating effective succession planning with three CEOs in quick succession, ultimately leading to significant stock price growth.

3. Coca-Cola’s Succession Challenges: Coca-Cola faced difficulties with CEO transitions, including issues with leadership alienating markets and distribution channels, resulting in stock price decline and multiple CEO changes within a short period.

4. Importance of Succession Planning: Succession planning ensures business stability and continuity at all levels, not just for the CEO, but for other critical roles within the organization.

5. Talent Pool Identification: Succession planning helps identify a pool of talented employees capable of stepping into higher management roles, ensuring they receive special attention for development and motivation.