Asked by Margaret Everett on May 07, 2024

verifed

Verified

Which of the following is the process of identifying, developing, and tracking key individuals so that they may eventually assume top-level positions?

A) target forecasting
B) predicted change
C) succession planning
D) replacement selection

Succession Planning

A strategic process of identifying and developing new leaders who can replace old leaders when they leave, retire, or pass away, ensuring the continuity of an organization's leadership.

Top-Level Positions

Roles or jobs within an organization that hold significant responsibility and authority, typically including senior executives and high-ranking officials responsible for strategic decisions.

  • Identify the necessity of prioritizing values in the employment and succession procedures to accomplish long-term ambitions of an organization.
verifed

Verified Answer

DF
Daniel FaggardMay 09, 2024
Final Answer :
C
Explanation :
Succession planning is the process through which organizations identify and develop potential future leaders or senior managers to fill key positions within the company when they become vacant. This ensures continuity in leadership and the preservation of institutional knowledge.