The process of ensuring that a qualified person is available to assume a key managerial position once the position is vacant is referred to as ________.

Question

Quizplus · Accepted Answer

C)Succession planning is the process of ensuring that qualified persons are available to assume key managerial positions once the positions are vacant.This definition includes untimely deaths,resignations,terminations,or the orderly retirements of key managerial personnel.The goal is to help ensure a smooth transition and operational efficiency,but the transition is often difficult.

The Process of Ensuring That a Qualified Person Is Available