Green Acres is a large real estate firm that operates in several states. The top-level employees of the firm are required to let the management know 2 years in advance if they are preparing to step down from their positions. This is done so that the management can find, hire, and train a suitable candidate to take up the vacant position. The firm wants to bring in as much order as possible to its planning processes for future promotions. Which of the following concepts does the given scenario illustrate?
A) Utility analysis
B) Homesourcing
C) Open-book management
D) Executive succession

Question

Quizplus · Accepted Answer

The scenario illustrates executive succession, which involves planning for the replacement of top-level employees to ensure a smooth transition and continuity in leadership roles.

Green Acres Is a Large Real Estate Firm That Operates