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Quote of the Day

If a sufficient number of management layers are superimposed on top of each other, it can be assured that disaster is not left to chance.

Norman Ralph Augustine

Succession Planning

A process for identifying and developing internal people with the potential to fill key, often top, positions in the organization. Succession planning is based on a belief that top talent in the organization must be managed for the greater good of the enterprise. Succession planning increases the availability of experienced and capable employees that are prepared to assume these roles as they become available. Effective succession or talent-pool management concerns itself with building a series of feeder groups up and down the entire leadership pipeline or progression.

Succession planning practice usually involves the followings:

30 May 2011 03:58:49

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