Business Succession Planning
(BSD287)
Business Management
The process by which an individual determines direction, influences a group, and directs the group toward a specific goal or mission.
OrientMCT
Business Succession Planning
What is Strategic Succession Planning? Strategic Succession Planning is a process for identifying and developing internal employees with the potential to assume key business leadership positions in the company. Succession Planning in a further formal definition is the process of identifying one or more successors for critical positions and preparing them for expanded organizational responsibilities through job assignments and other developmental activities.
Why Strategic Succession Planning? Succession Planning increases the availability of experienced and capable employees that are prepared to assume strategic & leadership roles as they become available
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