The vice president of Oreon Inc., an international chain of hotels, announces that he will retire from his post after 2 years. Following this, the top management of Oreon Inc. makes use of its employee database and elects the current general manager of operations as the next vice president. The manager is then given regular training and is groomed to make his transition to the senior position seamless. The given scenario illustrates the concept of _____.

Question

Quizplus · Accepted Answer

The scenario describes the process of preparing a current employee, in this case, the general manager of operations, to take over a higher position, specifically the vice president role, upon the incumbent's retirement. This is a classic example of executive succession, where an organization plans for and implements the transition of leadership roles.

The Vice President of Oreon Inc