Succession planning is the process of identifying and developing future leaders for an organization. It involves identifying key positions and the skills and knowledge required to fill them, as well as developing and grooming potential candidates for future leadership roles. Succession Planning is important for ensuring the smooth transition of leadership and the continuation of the organization’s mission and goals. Succession planning typically involves the development of a talent management strategy, the creation of a leadership pipeline, and regular review and adjustment of the plan to ensure it remains aligned with the organization’s needs and goals. Visit Complete Circle Capital now and learn more!
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