Succession planning refers to the on-going process of systematic identification, assessment, and development of skills as well as talent to assure leadership stability and continuity for all strategic position in an organization (Mandi, 2008). According to Mandi (2008) succession planning refers to the definition of organization’s future course in relation to leadership talent and skills.
Need of Succession Planning
In most of the cases, succession planning focuses on the three key factors. First of all, it covers the needs of a company as senior management of that company ages. It is due to the fact that it is difficult for a specific ...
