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Defining the Scope of Succession Planning

Tuesday, May 12, 2015

A clear definition of the scope of succession planning increases the likelihood of obtaining the desired results. To define the scope of succession planning, the company needs to consider the following fundamental elements: 

  • Positions: The company may be interested in identifying potential successors for certain types of positions only and at certain levels, such as senior management. For instance, Tier 1, board and CEO; Tier 2, board and senior managers; Tier 3, board, senior managers,

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