In HBO’s hit show Succession, patriarch Logan Roy pitted his children against each other for the top spot of leading his media conglomerate. Those who’ve seen the show will know how it ends, but what if he took a different route? What if he established a collaborative, multi-generational leadership team to guide Waystar RoyCo into the future? Granted, it would have made for far less dramatic tension (and probably fewer award wins) for the show. But for Roy’s shareholders, it would've been a smarter move in a rapidly changing media industry.
Succession planning is a non-negotiable principle for any thriving organization, yet it's also one of the hardest to get right.
And in today’s volatile, fast-changing environment, proactive planning is even more critical. There are relentless technological disruptions, and diversity initiatives are under scrutiny. For the first time in history, five generations will work side-by-side in offices around the world. These dynamics present unique challenges for maintaining growth and stability.
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