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At its core, succession planning is a process that involves the long-term planning for transitions and replacements for positions of senior leadership in an organisation. This can be part of a planned transition towards an external candidate, or internal employee(s) in a company, if/when an organisation’s leaders resign, retire, or move on.
Succession planning is a process of potential talent identification, classification, and growth of talents, and ensures a continuously abundant supply of potential candidates with leadership qualities in universities.
Succession Planning is a strategic approach to ensure that necessary talent and skills will be available when needed, and that essential knowledge and abilities will be maintained when employees in critical positions leave.
Succession planning is a process of potential talent identification, classification, and growth of talents, and ensures a continuously abundant supply of potential candidates with leadership ...
This concept paper is aimed to explain the various literatures of succession planning in managing talents. From the various literatures, the paper attempts to identify the key elements to conceptually build a succession planning model which will fit within the Malaysian public sector scenario.
Succession planning ensures the long-term leadership of an organisation remains viable and follows a smooth transition because succession planning practices involves identify, classify, and develop potential talents, which provide a rich and continuous supply of appropriate candidates to fill leadership positions.
Mar 15, 2019 · With 96% of Malaysian family businesses showing strong optimism to grow their business in the next five years as shown from the outcome of a survey, having a succession plan is critical to extend the business’ lifespan and to ensure sustainable growth.
