User blog comment:Sannse/Navigating the Wilds of Adminship/@comment-5011827-20130802012516/@comment-8-20130802174624

Yes, I think that process is a good one for larger wikis, where there are enough people that those who should nominate themselves, or be nominated, tend to stand out.

That said, I've seen this method work on smaller wikis, and totally different methods work on other wiki.

There is rarely "One True Way" on wikis, although sometimes tradition can make people feel there is :)  Instead there are a range of different ways of doing things, which will work for different wikis.