Benefits of Succession Planning
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What are the benefits of a succession plan? Why might an organization choose to not create one.
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The response provides you a structured explanation of succession planning . It also gives you the relevant references.
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The benefits of a succession planning plan are that the company identifies internal candidates for critical roles in the firm and provides them with training required for those roles. The company also has a person ready to take on the role when the incumbent person leaves(1). For example, when the CEO of a company resigns there is a trained and appropriate person ...
Education
- BSc , University of Calcutta
- MBA, Eastern Institute for Integrated Learning in Management
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