Developing Leadership Talent - SHRM Online

SHRM Foundation's Effective Practice Guidelines Series

Developing Leadership

Talent

A guide to succession planning and leadership development

SHRM Foundation's Effective Practice Guidelines Series

Developing Leadership

Talent

A guide to succession planning and leadership development

by David V. Day, Ph.D.

DEVELOPING

LEADERSHIP TALENT

This publication is designed to provide accurate and authoritative information regarding the subject matter covered. Neither the publisher nor the author is engaged in rendering legal or other professional service. If legal advice or other expert assistance is required, the services of a competent, licensed professional should be sought. Any federal and state laws discussed in this book are subject to frequent revision and interpretation by amendments or judicial revisions that may significantly affect employer or employee rights and obligations. Readers are encouraged to seek legal counsel regarding specific policies and practices in their organizations.

This book is published by the SHRM Foundation, an affiliate of the Society for Human Resource Management (SHRM?). The interpretations, conclusions and recommendations in this book are those of the author and do not necessarily represent those of the SHRM Foundation.

?2007 SHRM Foundation. All rights reserved. Printed in the United States of America.

This publication may not be reproduced, stored in a retrieval system or transmitted in whole or in part, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of the SHRM Foundation, 1800 Duke Street, Alexandria, VA 22314.

The SHRM Foundation is the 501(c)3 nonprofit affiliate of the Society for Human Resource Management (SHRM). The SHRM Foundation maximizes the impact of the HR profession on organizational decision-making and performance by promoting innovation, education, research and the use of research-based knowledge. The Foundation is governed by a volunteer board of directors, comprising distinguished HR academic and practice leaders. Contributions to the SHRM Foundation are tax deductible. Visit the Foundation online at foundation.

For more information, contact the SHRM Foundation at (703) 535-6020

ii

Table of

Contents

v

Foreword

vii Acknowledgments

ix About the Author

1 Developing Leadership Talent

3

Business Case for Succession Planning

and Leadership Development

6

Succession Management, Not Just

Planning

18 Leadership Development

23 Developmental Practices

31 Conclusion

33 References

37 Sources and Suggested Readings

iii

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