That does not mean that SMEs should be complacent with using informal succession management practices. There are distinct advantages associated with formal succession management in terms of being able to handle unexpected staffing surprises, especially regarding sudden turnover in key positions. It does not take much in the form of expertise or other resources to identify the key positions in an organization and to nominate one (or preferably more) possible successors. It is potentially trickier to provide the kinds of developmental experiences needed to prepare potential successors for more responsible positions. That is why bringing in an external consultant for advice on leadership development might be the best call for many SMEs. Remember, it is an investment in your talent and in the future of your organization. Scrimping on the talent development part of succession management might save a few dollars in the short- term, but it puts the organization at risk for long-term failure.