Succession planning is critical and requires senior management to systematically review leadership talent in the company and it ensures that top-level managerial talent is available.

Question

Quizplus · Accepted Answer

Succession planning is indeed critical and it involves a systematic review of leadership talent to ensure that the company has a pool of qualified individuals to fill critical roles in the future. This helps the company to mitigate risks associated with leadership shortages, maintain stability and continuity, and drive innovation and growth amid change.

Succession Planning Is Critical and Requires Senior Management to Systematically