SUCCESSION PLANNING: EVIDENCE FROM BEST COMPANIES IN NEW YORK

Susan J. Kowalewski, Linda Moretti and Denny McGee

International Journal of Management and Marketing Research, 2011, vol. 4, issue 2, 99-108

Abstract: Succession planning, as defined by Butler and Roche-Tarry (2002), is an ongoing dynamic process that assists a business or organization in aligning its goals and its human capital needs. Succession planning can prepare companies for future critical vacancies of middle and senior management positions. Forecasting the talent necessary for these roles can provide the groundwork and understanding of the characteristics needed to maintain and grow a company’s strategic plan. Both short and long-term strategies must take into account the many forces at work both internally and externally, domestically and globally during planning. This paper presents survey results from New York State companies (N = 25) related to succession planning. This paper will also explore and review the importance of incorporating succession planning into every organtions business processes

Keywords: Human Resources; Succession Planning; Organization (search for similar items in EconPapers)
JEL-codes: M12 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ibf:ijmmre:v:4:y:2011:i:2:p:99-108

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