An important approach to succession planning is to

Question

Quizplus · Accepted Answer

Developing enough strong leaders throughout the company is an important approach to succession planning. This ensures that there are capable individuals who can step into key positions as and when needed, reducing the risk of disruption to business operations. Relying solely on recruiting from the outside or conducting performance evaluations at infrequent intervals may limit the pool of potential successors and hinder long-term organizational growth. A blanket 10 percent annual salary increase may not be feasible or fair, and may not necessarily result in effective succession planning.

An Important Approach to Succession Planning Is to