Chapter . Succession Planning
In today's dynamic world of mergers, acquisitions, downsizing, shrinking markets, and flattening organizations, many companies are asking two key questions about succession planning:
Do we have qualified people ready to fill key positions now and grow the business in the next three to five years? (Short-term emphasis.)
Will we have a sufficient number of qualified candidates ready in five to 10 years to fill key positions? (Long-term emphasis.)
Because many organizations are challenged by ever-evolving work environments, the implementation of a succession planning program requires the use of change management strategies. It is well known that changing organizations succeed by having the right people in the right places ...
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