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Today Wayne Turmel talks to Marshall Goldsmith about his new book “Succession: Are You Ready?”. We also look at Philip V of Spain on successions gone wrong and webinars, webinars, webinars.

Marshall Goldsmith makes his 3rd appearance on the show.

Don’t forget to register for our FREE Webinar” Managing Remote Teams, Using Webmeetings to Keep Them Engaged.

SHOW NOTES:

0:00 Today we mark Marshall Goldsmith’s third appearance on the show to talk about succession, which brings us to our dedication- Philip V of Spain. When your taking the new job sparks the Spanish War of Succession, you know someone didn’t plan very well.

2:43 Lots of learning opportunities coming  up. Of course there’s our FREE webinar, but starting next show you’ll hear about “How To Create and Manage a Remote Team”- a webinar course on, well, the tools and techniques necessary to manage a remote team. Watch this site for details or drop me a line to learn more. And yes, there will be an Asia/Pacific-friendly schedule.

4:27 The quote of the week is from Lord Chesterfield, although it could as easily be David Allen.

5:20 Welcome Marshall Goldsmith back to the show. (You can hear his other interviews here and here). Why should managers who are just trying to keep their jobs think about succession planning? It’s important for you AND your team. We first talk about those about to retire. There are 3 thigns you need to think about:

• Running the business
• Choosing your successor
• What are you going to do with the rest of your life?

12:00 Marshall talks about the mistakes people make when they retire. Not as glamorous as it sounds, to be sure.

16:11 What about those of us not retiring? Don’t leave til you have somewhere to go.  The best boss you ever had took time to talk about your career and learn about you. Why aren’t we doing that for our teams? The one-on-one is crucial. Marshall gives us a very specific recipe for a successful coaching conversation.

1. Where are we going? (as a business)
2. Where are YOU going? (the other person)
3. As a manager, here’s what I see you doing well. “What do YOU think you’re doing well?”
4. Suggestions for improvement. Ask them:  “If you were your coach, what suggestions would you have for you?”
5. How can I, as your manager, help?
6. What suggestions might you have for me as your manager?

You can find out more at the Marshall Goldsmith Library

23:00 What is the role of the mentee in all of this? It’s not easy being the chosen one.

25:20 Strong medicine alert: if you don’t promote yourself no one will do it for you.  Deal with it.

Marshall’s Resources:

Frances Hesselbein (who just happens to be his co-author on The Organization of the Future 2 and I’m still on her to be on the show).

Jim Kouzes (hear our 2 conversations with Jim here and here)

www.realclearmarkets.com

Don’t let the weasels get you down!

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