After Choosing the Position on Which to Focus,the First General

question 46

Multiple Choice

After choosing the position on which to focus,the first general step in a succession management project is to ________.

• A)identify each interested candidate's strengths,weaknesses,and succession readiness
• B)check that the job description outlines the current and future competencies,a person needs to perform at a high level in the key position
• C)create a plan to continually and systematically improve the capabilities of all identified succession candidates
• D)write a person specification linked to the firm's business strategy

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Definitions:

Law of Supply

An economic principle stating that as the price of a good increases, suppliers will produce more of it, and as the price decreases, they will produce less.

Quantity Supplied

The total amount of a product that producers are willing and able to sell at a given price over a specified period.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price.

Uncontrollable Factors

External elements or conditions that cannot be directly managed or influenced by an organization, often affecting strategic planning and performance.