Question

What approach is most characteristic of succession planning?

It is initiated as soon as it is clear that a senior executive is leaving.
Local requirements are given the highest priority.
It focuses on issues likely to occur in the short term of approximately one to 12 months.
It focuses on long-term global issues.

Answer 1

Succession planning is a strategic process that focuses on long-term global issues, aiming to securely transition leadership roles and prepare future leaders within an organization.

Step-by-step explanation:

Succession planning characteristically focuses on long-term global issues. It is a strategic process aimed at ensuring the seamless transition of leadership roles within an organization, often involving the identification, development, and long-term preparation of candidates for critical positions. This approach goes beyond addressing problems that may arise in the short term; instead, it involves a systematic effort to identify potential future leaders and prepare them to take on vital roles, including scenario planning for various contingencies that could affect leadership. Succession planning is not initiated solely when a senior executive is about to leave but is a continuous process to build leadership capacity and secure the future success of the organization.