Strategic Succession Management with Successor Pools.

Building and Cultivating Strategic Successor Pools

Since 2014, CORNFELD has been supporting leading companies in Succession Management, i.e., strategic succession planning and talent management, by proactively building and maintaining external successor pools.

Why Succession Management is Critical

Regardless of the size or structure of a company, every organization has key positions for which there are few or no internal successors. If such a key position unexpectedly becomes vacant, it can pose significant risks to the company: it may take months to find and onboard a suitable successor, leading to operational disruptions and strategic disadvantages.

The CORNFELD Approach: External Successor Pools

What sets CORNFELD apart in the field of Succession Management is the development and maintenance of external successor pools for clearly defined key positions. While internal talent management is important, it is often insufficient to cover all critical roles. Our external successor pools provide an expanded, flexible successor pipeline.

By identifying and fostering top external talent, we ensure that your company is always prepared for unexpected leadership transitions. This proactive strategy minimizes the risks of leadership vacancies and ensures continuity in critical positions.

The Benefits of External Successor Pools

• Risk Minimization for Key Positions
  We help you identify and minimize potential leadership gaps early by maintaining a pool of pre-selected, highly qualified candidates for critical roles.
• Faster Filling of Unexpected Vacancies
  Unlike traditional executive search, which typically provides reactive, short-term solutions, our successor pools allow for the quick filling of open positions, reducing downtime.
• Strategic Talent Pipeline Beyond Internal Resources
  By complementing your internal succession plan with external talent, we expand your leadership pool and increase the chances of finding the perfect fit for specialized key roles.
• Tailored Succession Strategies
  We develop successor pools that are specifically aligned with the unique needs of your company, industry, and long-term strategic goals.

How CORNFELD Optimizes Your Succession Planning

• Identification of Critical Roles and Talent Gaps
  We work closely with your leadership team to identify key positions at risk for succession gaps and assess the availability of internal talent. For any identified gaps, we develop a targeted strategy to supplement them with external talent.
• Building and Maintaining Successor Pools
  We continuously and discreetly identify external talent, evaluate them, and maintain long-term relationships. This ensures that your company has a dynamic, external talent pool that can be quickly activated when needed.
• Integration of Succession Management into Talent Strategy
  Our approach to Succession Management goes beyond simply filling positions. We ensure that your succession planning is seamlessly integrated into your broader talent and organizational strategy.
• Risk Minimization Through Proactive Planning
  By focusing on long-term solutions instead of short-term reactions, we help your company identify and mitigate potential risks early. Our successor pools provide planning certainty for the future.

Why CORNFELD is Your Partner for Succession Management

CORNFELD combines decades of experience in Executive Search and Leadership Recruitment with innovative methods in Succession Management. Our unique focus on external successor pools gives your company a strategic advantage, as you can rely on a pool of qualified leaders who are not publicly available.

Our expertise spans multiple industries and organizational structures. We understand the specific challenges companies face in different sectors and develop tailored succession strategies that meet your unique requirements.

Contact CORNFELD

Secure the future of your company with a proactive Succession Management strategy. Let us work together to build a robust and flexible talent pipeline that guarantees leadership continuity and minimizes risks.

Contact CORNFELD today to learn more about our tailored successor pools for your key positions.