Succession Planning for Large and Small Organizations: A Practical Review of Professional Business Corporations
Succession planning is imperative for large and small organizations. Leaders in these organizations forecast company sustainability beyond their tenure. Value-added competencies, specialized knowledge, leadership capabilities, and performance-based success allows candidates to become viable successors for next level leadership. The authors discuss succession planning within themes emerged from document data. Organization theory with linkage to action research is shared as fundamental to the topic. The study’s purpose is to identify succession processes and strategies that assist candidates with future succession. A general exploratory qualitative design is the methodological premise. Document analysis is the method used post data collection. The authors provide a rationale for the limitation of this study, as well as recommendations for future research leading to more potentially diverse details in a separate study.
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