The Importance of Succession Planning

Today companies exist in a modern and global age, a dynamic and continually evolving environment where businesses need to plan ahead. One growing human resource issue of senior management is succession planning. An on-going process largely concerned with the identification, assessment and development of tomorrow's leaders (Kim, 2003, p.1), its focus is on the future performance of the firm. Its usefulness as a key strategic planning tool has long-term implications for human resource activities, including an …showed first 75 words of 1443 total…

…showed last 75 words of 1443 total…version]. Management Review, 81(10), 30-34. Retrieved 16 August, 2004, from http://proquest.umi.com/pqdweb?RQT=309&VInst=PROD&VName=PQD&VType=PQD&Fmt=1&did=000000000642143&clientId=14623 Wellins, R., Byham, W. (2001). The leadership gap [Electronic version]. Training, 38(3), 98-106. Retrieved August 16, 2004, from http://proquest.umi.com/pqdweb?RQT=309&VInst=PROD&VName=PQD&VType=PQD&Fmt=1&did=000000069870705&clientId=14623