Too often companies identify the future leaders by a less than systematic way which can result in the promotion not meeting expectations.  This is especially true when a leader is elevated to the CEO position.  If you are in the midst of evaluating future leaders for your company or are about ready to start the process, here are some tips that can increase future success.

1. Identify the key components for success.  What were the skills, talents, and behaviors that made the current person in the position successful?  What was the person missing, that if she had, would have made her even more successful?

2. Identify any changes to the current position that you want to incorporate?

3. Start the process long before you want to fill the position.

4. Will the position be filled with an internal or external candidate?

Image Credit: The Stock Exchange ( User: fanginhoon