Succession Planning as part of Mission, Vision and Strategy: Provide: 1) A descr

Question

Succession Planning as part of Mission, Vision and Strategy:

Provide:

1) A description of how the Succession Plan Biotech should be aligned with its mission and vision. (Current Company Vision: To help provide everyone with the healthiest life possible in the most natural of ways. Current Mission: To develop products that are safe, effective, affordable and natural with the customer’s health always their primary goal.)

2) A description of how the Succession Plan should be aligned with Biotech’s strategy. (BIOTECH BUSINESS PHILOSOPHY AND STRATEGY Biotech has determined its long-term goal planning pattern should be no longer than 3 years. Three years seems more flexible than the seven-year planning pattern previously used as change in the business climate is making it imperative to be more flexible. The need for innovation and competitive advantage ideas are the main focus for the next two years along with the company’s commitment to becoming a triple bottom line company. Sustainability both for profit and planet is foremost in the minds of the leadership. The development of a triple bottom line company is in the best interest of the company because of the need to keep a strong natural product image link to the community and the desire for the company to be socially responsible. Protection of the suppliers and control over product quality is critical to the development of a sound “life product.)

3) A description of how strategic thinking should be used as part of the succession planning process.

Explanation / Answer

Answer: 1

The Succession Plan Biotech should be aligned with its mission and vision is as below

Product Succession Plan: Develop the back-up products well in advance so that the back-up products will be the better replacement for the current products in the market and meets / exceeds the customer requirement and aligned with respect to the vision and mission of the Biotech organization.

Resource Succession Plan: Develop the resources succession plan such that we have back-up employee for all the key position ranging from engineer level to senior management, so that the operations of the Biotech does not impacted and will continue on the same path if any of the employee leaves the job. The aim of this succession plan is to ensure that Biotech does not get impacted due to leaving of employees as per their career aspiration.

Answer 2:

The Succession Plan should be aligned with Biotech’s strategy is as below

The succession plan needs to meet the requirement of time period of three years. Thus the succession plan should ensure that Biotech has the back-up plan for products, processes, resources for the period of three years and aligned with the strategy time period.

The organization has the succession (back-up) plan for the innovation approach and competitive advantage for the Biotech organization and the available processes and resources which are for innovation and competitive advantage approach have succession plan. Thus these processes will not get impacted due to leave of employees in the interim time period.

The succession plan also covers the back-up plans for the products, suppliers and market demands, so that in case of any issues, these back-up plans will help the Biotech to manage the situation effectively.

Answer 3:

Strategic thinking should be used as part of the succession planning process because strategic thinking will help the Biotech organization to think strategically and identify the future potential actions and business plans and their execution planning so that these business plan can be planned for execution well in advance and necessary arrangement can be carried out and avoids any urgency in future. This will result in higher success for Biotech business.

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