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Jun 11, 2024 · What Is Succession Planning? The term succession planning refers to a business strategy companies use to pass leadership roles down to another employee or group of employees.
Apr 24, 2024 · Succession planning involves preparing a skilled workforce to ensure smooth business operations when leadership changes due to retirement, departures, or transitions. It also forms the foundation of corporate sustainability and inclusiveness within a company.
Succession planning is a process and strategy for replacement planning or passing on leadership roles. It is used to identify and develop new, potential leaders who can move into leadership roles when they become vacant.
Feb 23, 2022 · Learn what succession planning is. Discover how to create or improve your succession planning process with the best practices and downloadable template.
Succession planning is the strategic process of identifying and developing internal candidates to fill key organizational roles to ensure business continuity and leadership in the face of role transitions, departures, or unforeseen events. It is relevant to all companies, large or small, for-profit or nonprofit.
In this article, we review the most salient studies of succession planning and offer context from experts on the process of picking new leaders for organizations.
Succession planning is the strategic process of identifying and developing internal talent and preparing them to move into critical roles. This process is crucial to ensuring continuity and maintaining operational stability, but it’s only become more complicated as companies continue to widen their scope.
