Succession planning

Succession planning is a strategic process used by organizations to identify and develop potential leaders for key leadership positions. It involves a comprehensive assessment of existing skill sets and competencies, as well as a plan for training and mentorship to develop the next generation of leaders. Succession planning is important for organizations to ensure a smooth transition of leadership, maintain stability, and achieve long-term success. It also helps organizations to avoid crisis situations that may arise due to unexpected leadership vacancies. By engaging in succession planning, organizations can foster a culture of leadership development and build a strong pipeline of talent for future leadership roles.

This mind map was published on 5 June 2023 and has been viewed 71 times.