What Is the First Step in the Succession Management Process

question 25

Multiple Choice

What is the first step in the succession management process?

• A) Identify high-potential employees.
• B) Identify the skills and competencies needed.
• C) Align succession management plans with strategy.
• D) Provide developmental opportunities and experiences.

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Definitions:

Sustainability

The practice of maintaining processes or systems in ways that do not deplete natural resources and can continue long-term without harming the environment.

Economic Force

External factors such as inflation, interest rates, and economic growth that can influence an organization's performance and strategic planning.

Cultural

Pertaining to the customs, arts, social institutions, and achievements of a particular nation, people, or other social group.

Marketing Environment

Consists of external forces that affect a company's capability to operate effectively in providing products and services to its customers.