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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 ...

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  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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