Corporate Venture Capital
Evergreen CVC Succession Planning Process
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Evergreen CVC Succession Planning Process

A comprehensive approach to grooming leadership, evaluating needs, and ensuring smooth transitions for sustained company success.
1
Define executive leadership positions
2
Identify current and future company needs
3
Approval: Needs assessment
4
Identify potential internal successors
5
Assess skills and abilities of potential successors
6
Approval: Succession candidates assessment
7
Develop career advancement and leadership training programs
8
Mentorship assignments
9
Provide training and development opportunities
10
Approval: Training and Development Plan
11
Evaluate succession plan effectiveness
12
Ongoing monitoring of successors progress
13
Update the succession plan as needed
14
Approval: Succession Plan Updates
15
Communicate the succession plan to all stakeholders
16
Plan and implement transition period
17
Approval: Transition period and processes
18
Evaluate and adjust the succession plan post-transition
19
Ensure smooth ongoing operations
20
Evaluation of the entire succession planning process