The phrase transition plans, change in control, new leaders at the top, assimilation, and onboarding have dominated the media since January, as changes in governments’, corporations’ and other organizations’ leadership occurred.
Talk of “100-day plans” has become a frequent topic of discussion. But why do these plans get so much attention and why are they important?
Personal experience from partnering with many Fortune 500 executives on their 100-day plans (aka transition plans), along with our firm’s and others’ research, quickly answer both these questions.
Organizations spend millions each year to select key leaders, but little on ensuring their successful transitions. Companies focus intently on attraction, selection and general onboarding, but once leaders actually have to start performing, they are largely on their own.
New leaders face other challenges, too. They will not get crucial feedback on how they are doing because people won’t be comfortable giving someone they don’t know yet constructive, or even positive feedback. This period is the very time they need it most! They also are unlikely to hear the expectations from their team, their peers, the Board, or their sponsors, although they will be quickly measured against those expectations. In fact, we have found in many cases, key stakeholders aren’t even aligned on their expectations, a fact unknown to the new leader.
Most leadership transitions are regarded as sink-or-swim propositions, and even talented leaders can sink. Sometimes weak leaders stay afloat long enough to do serious damage to their teams and/or companies. The trick to avoiding these situations is not leaving the transition to chance.
Increasing the speed for new leaders to align with their stakeholders and become productive is a huge strategic advantage. ALULA has helped thousands of leaders transition into their new positions in multiple industries around the world. This experience has proven that when leaders have an easy-to-follow process that defines a clear path for them and their teams to follow, they more quickly align on performance expectations, goals, behaviors, and a plan of action for the next 100 days.
If you are a leader readying for or already engaged in a transition, consider taking these steps to quickly connect with your stakeholders and start getting results.
Putting time and energy into rapid and effective leadership transitions is an investment in results. The sooner the team members and their leader are clicking, the sooner they can meet and surpass their goals. Transition plans help new leaders and their teams get the ball rolling using the process, tools and support they need to assimilate without missing a beat.
Leaving the transition to chance is a gamble. Take the actions to ensure the leader thrives. It will send a strong message to the leader, his/her peers, the team and all the other talented leaders for whom your organization will be competing in the coming years. Guard your investment in your leaders and don’t leave the process to chance!