Succession plans are necessary in every organization no matter how convincing the organization’s future appears. A succession plan enables a company plan for uncertainties such as disaster, illness or a vacancy as well as planning for leadership. It gives employees the opportunity to share their views and reinforce the relations existing within departments. Succession planning involves assessing and determining internal employees that are suitable to fill up each significant position within the organization and the decision to groom them for such interesting roles through developing their skills as well as abilities (Charan, Drotter, James, 2001). To come up ...
Succession Plan Research Papers Samples For Students
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Succession Planning in Organizations
Appointive posts in organizations always have a set time limit under which an executive officer or director serves. An organization can have a compulsory retirement age of 60 years for Chief executive officer (CEO) and other senior management officials. When these people are approaching this age limit, an organization began a roll out program to start looking for CEO five years before the current officer leaves the office. In this case, when the current CEO reaches 55 years, the company will be on the lookout who will be the successor. Succession planning is highly practiced in organizations for the ...
California Lutheran University
May27, 2014
Introduction
This chapter will make a conclusive argument of this study. By reviewing the arguments elucidated in chapter one, the findings of the review of extant literature in chapter two of the study and the results of the comparative case study in chapter four, this chapter will then make recommendations concerning the best way in which Ventura Health Agency and County Library should plan for leadership changes. The chapter will also make recommendations on the best way in which the two agencies should handle the challenges they face in succession planning. All these recommendations will be ...
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Introduction
In every stable and successful organization, the task to replace the outgoing Chief Executive Officer is always daunting. The person offered the responsibility is always faces a great challenge of ensuring the company continues on a success platform. Failure to recruit a competent and the most suitable person for the job is always a possibility if some crucial factors are overlooked. In replacing the president for the baseball franchise team, one must engage in succession planning and management. Succession Planning and Management is the purposeful and systematic attempt by the company to ensure leadership continuity while at the same time retaining and developing ...
Introduction
For the last few years, the proportion of aging population has continued to form a large portion of the total American population. This proportion is expected to rise in the near future as more people attain the age of retirement. There are about 78 million Americans who were born from 1946-1964 (Powell, 2010). This group commonly known as baby boomers has began attaining the age of retirement early this year and they are expected to continue in this trend for the next 18 years. For a long time this generation is known for its passion to remain young and many people ...
