Final answer:
Succession planning is a strategy to identify and develop internal personnel with the potential to fill key positions within an organization when they become available.
Step-by-step explanation:
The concept referred to in this question is succession planning, which outlines individuals internal to the organization who are prepared to step into roles as they become available. It is a strategic process used by organizations to ensure that employees are recruited and developed to fill each key role within the company. Succession planning ensures that businesses continue to run smoothly after the company's most important people move on to new opportunities, retire, or pass away.
The correct answer is A. Succession planning.
Succession planning refers to the process of identifying and preparing internal candidates who can step into vacant positions when they become available within an organization. It involves identifying and developing talented individuals who have the potential to take on leadership roles in the future.
For example, if a senior executive decides to retire or leave the company, succession planning ensures that there are qualified individuals ready to fill that role without disrupting the organization's operations.