Sessions
Concurrent Session
Leadership Succession Planning for Asian Businesses: HR Perspective on Insiders vs. Outsiders
S106A
Monday 06/18/2018 02:00 PM - 03:15 PM
1.25 SHRM PDCs
| Competencies: Leadership & Navigation, Consultation, Global & Cultural Effectiveness
| Intended Audience: Senior-Level
Workplace Application:
You will learn a broad perspective of leadership succession planning among family-controlled conglomerates in Asia.
Succession planning is ranked among the most critical issue faced by family-controlled conglomerates in South-East Asia. These organizations are not only the major engine of growth and a key barometer of Asian economy, but many of them have expanded their businesses globally. However, according to Family Business Institute, only 30% of family-owned or family-controlled businesses will last into second generation and 12% remain viable into third generation. Asia is the most culturally diverse region, and each of the country in Asia is at different socio-economic development stage. These factors have significant impacts on leadership succession planning in Asian businesses. This session will help you understand:
- The cultural impact on succession planning in Asian family-controlled businesses.
- The common roadblocks surrounding succession planning in Asia.
- An effective strategy in design and implementation of succession planning.
