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Building a Comprehensive Succession Planning System

Succession planning has evolved from a CEO-replacement tactic to a future-oriented strategy that ensures business continuity over multiple leadership positions. So just what is succession planning? Simply, it's a systematic approach to identifying the best candidates for categories of key positions (top-down), and to building a leadership pipeline to ensure leadership continuity (bottom-up).

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These two aspects work hand-in-hand: The requirement that candidates be ready to fill business-criti

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