Succession Planning�– A Distinctive  Reinventing Tool For Sustained  Organization Effectiveness and Survival

Dr.(Mrs)Vijit Chaturvedi

Volume : III, Issue : I, January - 2014

Succession Planning�– A Distinctive Reinventing Tool For Sustained Organization Effectiveness and Survival

Dr. Mrs Vijit Chaturvedi

Abstract :

Succession Planning helps in providing continuity to management to ensure that organization has the right leaders in the right places at the right time. Essentially, it is about how to plan and align human resources with the overall business planning process. Succession Planning (or Management Continuity Planning), as part of HR Planning, is about prep� successors to assume key roles within the business, particularly during critical points of a business� growth and development cycles. The future sustenance of any organization in today�s competitive and uncertain environment is its future leaders and preparation of rich talent pools that it has of those key people who will occupy future roles. It is this consistent preparation of this talent capital and future successors that will provide an added competitive advantage and an exemplary vision for progressive organization. The focus of present paper is on role and relevance of succession planning as a tool for competitive organization building and preparation of future leaders. It focuses on process, benefits and interrelation between succession planning and effective talent management. It provides insight to almost all the organization that is creative and strategic enough to retain and ensure their competitive presence as market leaders with strong employer and.