The steps in developing a succession strategy are understanding the contextual aspects,identifying successor qualities,and carrying out the succession plan.

Question

Quizplus · Accepted Answer

Understanding the contextual aspects involves evaluating the company's mission, vision, and goals, as well as assessing the industry and market trends. Identifying successor qualities involves looking for individuals who possess the necessary skills, knowledge, and experience to lead the organization. Finally, carrying out the succession plan involves implementing strategies to develop and prepare potential successors for future leadership roles.

The Steps in Developing a Succession Strategy Are Understanding the Contextual