Evaluation:
Published: 05.09.2006.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
  • Essays 'The Importance of Succession Planning', 1.
  • Essays 'The Importance of Succession Planning', 2.
Extract

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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