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Wayne Bennett and Management Succession Planning

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Wayne Bennett and Management Succession Planning

By , April 12, 2011

Many of you who know me well, know I am a fan of the St George Illawarra Dragons and recently we saw a transition from undoubtedly the best Rugby League coach to his assistant Steve Price. Price, who was recommended for the job by Bennett, said the opportunity to coach in the NRL after a 10-year apprenticeship as an assistant was the realisation of a long-held dream. “I’ve always had aspirations to be an NRL coach and I’m very grateful and honoured to be given this opportunity,” Price said.”But my post doesn’t start till November 1, the big fella’s driving the bus, I’m just the little bloke sitting next to him for the time being and we’ve got a job to do this year.”
Interestingly, this transition has been announced seven months before the transition and more importantly Price has been groomed for the role and worked closely beside Bennett for three years – how successful will the new coach be – only time will tell – what is clear is that the successful transition has been managed effectively and communicated clearly.

Craig West

Craig West

Managing Director | Succession Plus

Craig West is a strategic accountant who has over 20 years’ experience advising business owners. His background as a CPA in public practice, provided invaluable experience in the key issues of concern to business owners. Following 6 years of study to gain two masters degrees, Craig focused on Capital Gains Tax (CGT) for business sales advising on strategic management of tax issues. This experience formed a very strong view that business owners (and often their advisers) were unprepared and unaware of the steps required to prepare a business for exit.

Craig now acts as a strategic mentor for mid-market business owners and has written four critically acclaimed books on employee incentives, succession planning, asset protection and exit strategies. Craig has conducted numerous seminars and keynote presentations throughout Australia & internationally, including adviser education programs for the Institute of Chartered Accountants and CPA Australia.