Question

A process for identifying and developing new leaders who can replace leaders when they leave an organization is called:

A. Strategic planning
B. Contingency planning C. Goal setting
D. Succession planning

Answer 1

Succession planning is the process of preparing to replace leaders within an organization by identifying and developing new potential leaders.

Step-by-step explanation:

The process for identifying and developing new leaders who can replace current leaders when they leave an organization is known as succession planning. This process is crucial for ensuring the continuity and stability of leadership within a company. Organizations implement succession planning to prepare for the eventuality that key employees will retire, move on to other opportunities, or otherwise leave their positions. Well-executed succession planning aims to identify potential future leaders and provide them with the necessary training, experience, and growth opportunities. By doing so, an organization cultivates a pool of capable candidates ready to fill leadership roles as they become available.

Answer 2

Succession planning is a strategic process used to develop new leaders for an organization, ensuring continuity and the transfer of knowledge and skills.

Step-by-step explanation:

The process described in the question, where new leaders are developed to replace current leaders who may leave an organization, is known as succession planning. This strategic process ensures continuity in the organization's leadership by preparing individuals to step into roles as they become available. It is important to have a plan in place to transfer the necessary skills, knowledge, and organizational culture to the new leaders to maintain the efficiency and effectiveness of the organization. This framework is essential not only for traditional business organizations but also in political structures where the transfer of charismatic authority may play a role in leadership succession.