Which of the following is the first step in the process of developing a succession plan?

By: Prof. Dr. Fazal Rehman Shamil | Last updated: February 3, 2024

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

 

StepsDescription
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.