whoTeam Deliverable #3 - Succession Planning Part Two

Hide Assignment Information
Turnitin
This assignment will be submitted to Turnitin.
Group Category
Team Work
Group Name
Group 6
Instructions
BMGT 365 - Team Deliverable #3 - Succession Planning - Part Two NOTE:All submitted work is to be your team's original work. Team Deliverable #3 is due Tuesday at 11:59 p.m. eastern time of Week 4 unless otherwise changed by the instructor. Purpose: The purpose of this project is to gain an understanding of succession planning and what it means to plan for future leadership that is aligned with an organization's core values and leadership competencies. Skill Building: You are also completing this project to help you develop the skills of research, critical thinking, teamwork, and writing a report intended for executive review. Writing is critical because, in business, it is important to convey information clearly and concisely and to develop a personal brand. Developing a personal brand is important because it is the ongoing process of establishing an image or impression in the minds of others, especially those in positions above you. Having a strong personal brand can lead to opportunities that include promotions. Skills: Writing, Critical Thinking, Developing a Personal Brand, Succession Planning, Writing a Succession Plan Report. Outcomes Met With This Project: Use leadership theories, assessment tools, and an understanding of the role of ethics, values, and attitudes to evaluate and enhance personal leadership skills; Assess the interactions between the external environment and the organization to foster responsible and effective leadership and organizational practices; Collaborate in teams utilizing effective communication techniques; Develop individual awareness, style, and communication skills that enhance leadership skills; Integrate and apply analytical principles and skills to make strategic decisions. This project is the third of three group projects. Members of the team will collaborate, acting as a self-managed team. As a self-managed team, members take collective responsibility for ensuring the team operates effectively, sets team goals, manages time, makes decisions, solves problems,communicates frequently and clearly, and meets the deadline. You may have team members that are located all over the world. Working in a virtual environment should not stop the self-managed team from successfully reaching the final goal.All work must appear in the Group Discussion area. If you work outside of the group area, you will not receive credit for the collaborative work. If the project is submitted after the due date, the Late Assignment policy is applicable.Noextensions beyond the due date are given to teams as the expectation is thatstudents on the team picks up the slack. As a self-managed team, the following is the work for which team members are responsible: Setting goals; Determining roles and responsibilities for each team member; Actively participating and communicating in the Group area of the classroom; Completing the agreed-upon work before the deadline; Resolving problems and issues among the team members; Agreeing on a final product as a group (consensus decision making); and Submitting the final product into the Assignment Folder (all students will submit into the Assignment Folder). All students on the team will receive the same grade unless a member fails to participate or does not carry his or her weight in completing the project. These students will receive a zero or a reduced grade depending on the level of participation and contribution to the team project. Teams can consist of 2, 3, or 4 students but should not consist of more than four students. Team members are responsible for completing the project even if a team member does not fulfill his or her obligation of submitting the agreed-upon work. The project cannot be completed individually, and students cannot choose to create teams other than those created by the instructor. If a team member does not hear from any other member, it is important to reach out to the instructor. If the project is submitted after the due date, the Late Assignment policy is applicable. No extensions beyond the due date are granted to teams. Background:Your Group has been assigned to be part of the Succession Plan Committee at Life ScienceNutraceuticals (LSN). This Committee has been hard at work for months, planning the successor for President and CEO Alexandria Marvel and the rest of the executive team (largely occupied by the immediate family.) They have assigned your group to complete the Succession Plan for five key leadership positions. These positions will need to be filled over the next 12-24 months. There is not an immediate need for any of them currently, but vacancies will be imminent. The preference is to fill these internally, but President - CEO Marvel has stressed that if the right leader for a position does not exist already within the company, she would rather search for someone externally than settle for less than the most qualified individual. Your Group has already analyzed these five leadership positions and presented a report to President and CEO Marvel about them. Now it is time to identify any internal candidates that may be suitable for these positions. The Committee has already interviewed five different internal candidates that have expressed an interest in furthering their careers at LSN. All have leadership positions currently at different levels and within different departments of LSN. All have agreed to accept any leadership position assigned to them, and all are open to relocating.