What do you understand by succession planning ?

Question

Accepted Answer

Succession planning is the process of identifying and developing potential future leaders or key employees within an organization.

Succession planning involves identifying critical roles within an organization and developing a plan to ensure that there are qualified individuals ready to assume those roles when the need arises.
It helps to ensure continuity of leadership and prevent disruptions in business operations.
Succession planning can involve training and development programs, mentoring, and career planning.
Examples of succession planning include identifying and grooming a successor for a CEO or other top executive, or identifying and developing a pool of potential managers for a department or business unit.

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