Asked by Stephanie Matos on Jul 08, 2024
Verified
The effective implementation of succession management has been linked to several outcomes.One of these outcomes is the reduced senior executive turnover after succession.
Succession Management
The process of identifying and developing future leaders within an organization to ensure continuity in critical positions.
Senior Executive Turnover
The rate at which top management personnel leave an organization, either voluntarily or involuntarily, and are replaced.
- Acquire knowledge on the broader purposes and targets of succession management compared to replacement planning.
Verified Answer
SY
Shafinaz YacobJul 12, 2024
Final Answer :
True
Explanation :
Studies have shown that a well-planned and executed succession management program can lead to a reduced senior executive turnover as there is often a clear path for career progression and development within the organization.
Learning Objectives
- Acquire knowledge on the broader purposes and targets of succession management compared to replacement planning.
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