Succession Planning
Example
For example, a company that implements Succession Planning strategies, like They implemented succession planning for key positions., can see significant improvements in their business performance by streamlining workflows, enhancing productivity, and boosting overall profitability.
Definition
A process for identifying and developing new leaders who can replace old leaders when they leave or retire. This term is crucial in the Succession Planning context as it helps businesses understand how to Succession Planning in their operations, making it highly relevant for industries looking to optimize Succession Planning processes.
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