Asked by Jeanette Abreu on Jun 18, 2024
Verified
Succession management is needed even when retirements and company sellouts are predictable.
Succession Management
A methodical approach to recognize and cultivate in-house talent for future critical leadership roles within a company.
- Comprehend the importance of succession planning and its management in an organizational context.
Verified Answer
SK
sylvie kengneJun 21, 2024
Final Answer :
True
Explanation :
Succession management is important for any organization, regardless of whether retirements or company sellouts are predictable or not. It helps ensure continuity and sustainability of the business by identifying and developing potential leaders to take on key roles. Even when retirements or company sellouts are predictable, a well-planned succession management process can minimize disruption and ensure a smooth transition.
Learning Objectives
- Comprehend the importance of succession planning and its management in an organizational context.
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