Question: Which of the following is the first step in the process of developing a succession plan?
A Identify potential successors.
B Create a formal succession plan document
C Set clear objectives and goals
D Identify key positions for succession planning
Answer: Identify key positions for succession planning
| Steps | Description |
| 1. Identify Key Positions | · Determine which positions within the organization are critical and need succession planning.
· These positions often include top leadership roles, specialized roles, and positions with significant institutional knowledge. |
| 2. Set Clear Objectives | · Define the objectives and goals of the succession plan.
· What do you want to achieve through this process |
| 3. Create a Succession Planning Team | · Assemble a team responsible for overseeing the process. |
| 4. Identify Potential Successors | · Identify individuals within the organization who have the potential to step into key roles. |
| 5. Develop Talent | · Implement development plans for potential successors. |
| 6. Document the Plan | · Create a formal succession plan document that outlines key positions, potential successors and the development strategies in place. |
| 7. Communication and Transparency | · Communicate the succession plan to all relevant stakeholders, including potential successors. |
| 8. Monitor Progress | · Continuously track and assess the progress of potential successors in their development plans. |
| 9. Conduct Regular Reviews | · Periodically review and update the succession plan to ensure it remains aligned with the organization’s goals and evolving needs. |
| 10. Address Gaps and Changes | · Be prepared to address any changes in leadership needs and adapt the succession plan accordingly. |
| 11. Emergency Succession Planning | · Develop contingency plans for sudden leadership gaps due to emergencies. |
| 12. Implement the Plan | · When a key position becomes vacant, implement the succession plan by promoting or appointing the identified successor. |
| 13. Evaluate and Learn | · After a succession event, evaluate how well the plan worked and learn from the process to make improvements for future succession planning. |