succession planning

Succession Planning & Management in Tough Economic Times

Succession Planning & Management
Table of contents
1. What is Succession Planning and Management?........................................... 2
2. Best Practice approach to SPM. ...................................................................... 3
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3. How is SPM related to the Employee Life Cycle?........................................... 4
4. Measures of SPM Success. .............................................................................. 4
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5. Why Does SPM Matter?..................................................................................... 5
6. The SPM Conundrum......................................................................................... 8

6.1. Prevalence of SPM........................................................................................ 8
6.2. The Value of SPM.......................................................................................... 9
6.3. Barriers to Success..................................................................................... 10
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7. SPM and the Current Economic Environment. ............................................. 11
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8. Conclusion........................................................................................................ 12
9. References........................................................................................................ 13

Succession Planning & Management
1. What is Succession Planning and Management?
For the purposes of this discussion paper, it is important to distinguish between the concepts of Succession Planning and Succession Management as these are frequently used interchangeably in the literature.
The term “Replacement Planning” is also a concept that features frequently in discussions about succession.
“Succession Planning and Management, or SPM, can be defined as a purposeful and systematic effort made by an organization to ensure

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