A survey on succession planning was recently conducted for the members of Directors' Institute of Finland. It found that only 25% of organisations engage in succession planning, despite it being one of the core responsibilities of the board. A feature article (published in Finnish on DIF's blog) also highlighted that in-house potential is often overlooked and is not systematically identified.
Well-managed succession planning is not merely about preparing for the change of the CEO – it is a strategic investment that unlocks organisational renewal and builds competitive edge. Also, too often succession planning is limited to senior management, even though true potential may lie deeper within the organisation.
Organisations that identify their strategic capabilities and begin developing future leaders accordingly are more agile and better equipped to handle change. Succession planning should therefore go beyond an administrative exercise towards a strategic decision that builds the foundations for future competitive advantage.
Timeliness and intent are critical. Once candidates are identified, you must move quickly to develop their readiness through structured, purpose-driven initiatives. Henley Business School offers two flagship pathways designed for exactly this:
Executive MBA Global (starts October 2025): Over two years, participants earn an internationally recognised master’s degree while working in local Nordic, South African, and UK study groups. Overseas immersion visits ensure a truly global perspective, and all assignments address real-world challenges in your own organisation from day one.
CEO 360 (commencing February 2026): This intensive programme gives current and future CEOs a full 360° view of the role. Through case studies, peer exchange, and expert coaching, participants sharpen their strategic foresight, decision-making, and stakeholder leadership—preparing designated successors to step confidently into the top job.
How does your organisation currently develop its key individuals? If you’re ready to transform succession planning into a strategic accelerator, explore more about Henley’s Executive MBA Global and CEO 360 programmes today.
Henley Business School is a triple accredited business school, and our EMBA has been ranked number 1 in the Nordics by the Financial Times and The Economist.