A list of key personnel as well as possible successors within a business is called?
Friday, August 11, 2023
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Question: A list of key personnel as well as possible successors within a business is called?
A list of key personnel as well as possible successors within a business is called a succession plan. A succession plan is a strategy that identifies and develops future leaders for the organization. It helps to ensure continuity, stability and growth of the business in the event of turnover, retirement or unforeseen circumstances. A succession plan also helps to retain and motivate high-potential employees by providing them with career development opportunities and clear paths for advancement.
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