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The Importance of Succession Planning
Author: lemonsunrise
 

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Language:
English
Pages:
3 (standart text format)
Type:
Essay
Category:
Management
Published:
05.09.2006.
File size:
9 Kb
Paper ID:
164049

Extract from paper:

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 organisation's culture, recruitment and selection, employee learning and developmen...

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