Pepperdine Graziadio Professor Kevin Groves Quoted in Credit Union Magazine on Succession Planning
Kevin Groves, Ph.D., professor of organization theory and management at Pepperdine
Graziadio Business School was recently quoted in Credit Union Magazine on the importance
of succession planning. Dr. Groves says that organizations will need to annually ensure
that their succession plan is tightly connected to the business strategy. He stresses
that changes in the competitive environment and shifts in your industry impact which
positions are critical, what new position. Groves says implicit or unconscious bias
is inherent in any judgment of an individual’s executive potential and must be minimized
as much as possible. “The knowledge that executives and other professionals have many
implicit or unconscious biases is not new,” but it’s becoming clear how teams need
to proceed to reduce such bias, explains Groves. “If you’re an executive team, what
you don’t want is a single team member having a say as to how you look at the next
level down in the organization—for example, if only the CFO can pass judgment on how
he or she looks at the other finance talent in the organization. “Calibration ensures
that the (members of the) entire executive team at the C-suite level all have relevant
input.”
The full article is available on Credit Union Magazine (article starts on page 22).