• 268: How to Tackle Leadership Transitions Successfully

  • Mar 20 2025
  • Duración: 31 m
  • Podcast

268: How to Tackle Leadership Transitions Successfully

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  • Succession planning is essential for businesses navigating leadership changes due to retirement, promotions, or new opportunities. Erin Hoffman, Partner and Senior Consultant at Collaboration Business Consulting shares key strategies for success. Long-term exit strategies (3, 5, and 10 years) help ensure a seamless transition. Key considerations include: How will the company evolve?Will the current management team remain?Who needs leadership development? Aligning stakeholders—whether family or business partners—is crucial. Addressing emotions like frustration or uncertainty and acknowledging these feelings can ease transitions. A solid game plan should outline financial considerations, role transitions, and leadership development. Regular management meetings and third-party reviews help maintain accountability. Ongoing leadership development and multiple succession pathways provide flexibility. Transparency in succession planning builds confidence and stability, ensuring business continuity through leadership changes. Resources: 221: Future Proof Your Wine Business with Omnichannel Communication Collaboration Business Consulting Collaboration Business Consulting Speaking Engagements Collaboration Business Consulting Resources Vineyard Team Programs: Juan Nevarez Memorial Scholarship - Donate SIP Certified – Show your care for the people and planet Sustainable Ag Expo – The premiere winegrowing event of the year Sustainable Winegrowing On-Demand (Western SARE) – Learn at your own pace Vineyard Team – Become a Member Get More Subscribe wherever you listen so you never miss an episode on the latest science and research with the Sustainable Winegrowing Podcast. Since 1994, Vineyard Team has been your resource for workshops and field demonstrations, research, and events dedicated to the stewardship of our natural resources. Learn more at www.vineyardteam.org. Transcript [00:00:00] Beth Vukmanic: Succession planning is essential for businesses navigating leadership changes due to retirement, promotions, or new opportunities. [00:00:13] Welcome to Sustainable Wine Growing with the Vineyard Team, where we bring you the latest in science and research for the wine industry. I'm Beth Vukmanic, Executive Director. [00:00:22] In today's podcast, Craig Macmillan, Critical Resource Manager at Niner Wine Estates, with longtime SIP certified vineyard and the first ever SIP certified winery, speaks with Erin Hoffman, Partner and Senior Consultant at Collaboration Business Consulting. [00:00:37] She explains that long term exit strategies from three, five, even 10 years helps ensure a seamless transition. [00:00:44] Key considerations include how will the company evolve? Will the current management team remain in place? And who needs leadership development? [00:00:53] Aligning stakeholders, whether it's family or business partners is crucial. Addressing emotions like frustration or uncertainty. And acknowledging these feelings can ease transitions. [00:01:03] A solid game plan should outline financial considerations, role transitions, and leadership development. Regular management meetings and third party reviews will help maintain accountability. Ongoing leadership development and multiple succession pathways provide flexibility. Because things are likely to change, transparency in succession planning builds confidence and stability ensuring that the business continues successfully throughout the leadership change. [00:01:29] If you want to be more connected with the viticulture industry but don't know where to start, become a Vineyard Team member. Get access to the latest science based practices, experts, growers, and wine industry tools through both infield and online education so that you can grow your business. Visit us at vineyardteam. org and choose grower or business to join the community. [00:01:48] Now let's listen in. [00:01:53] Craig Macmillan: Our guest today is Erin Hoffman. She's a senior business consultant and partner at Collaboration Business Consulting. [00:01:59] And today we're going to talk about succession planning. Thanks for being on the podcast, Erin. [00:02:03] Erin Hoffman: Yes. Thank you. [00:02:05] Craig Macmillan: This is part of the SIP certified certification and one that I think is often overlooked and a lot of people don't really understand, but I think it's important no matter who you are. To take this into account. [00:02:15] So let's just start from the very basics. what is succession planning in business? [00:02:19] Erin Hoffman: Great question. Succession planning is really making sure that somebody besides you is available and ready to take on the reins or responsibilities when you leave or when you get promoted. And I think one of the things that people often overlook is they want to take on more responsibilities, but they're not thinking about, okay, if I'm doing that, who am I shifting some of those responsibilities down to? [00:02:42] ...
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