What Is the First Step in the Succession Management Process

question 70

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:

Fracking

A method of extracting oil and natural gas from underground rock formations by injecting a mixture of water, sand, and chemicals at high pressure.

Natural Gas Industry

The sector of the economy that involves the exploration, extraction, processing, and selling of natural gas.

Incentives

Rewards or penalties that motivate individuals or entities to act in specific ways.

Resource May Increase

A scenario in which the available supply of a natural, human, or capital resource grows, potentially affecting economic outputs and markets.