IRE346H1 Chapter Notes - Chapter 7: Management Development, Knowledge Worker
15 May 2020
School
Department
Course
Professor
Document Summary
Succession management: systematic process of determining critical roles within the organization, identifying and evaluating possible successors, and developing them for these roles. Ensures continuity in leadership and develops the next generation of leaders. Needed when retirements and company sellouts are predictable. Replacement planning: the process of identifying short-term and long-term emergency backups to fill critical positions. The focus of replacement planning was the job, and having a replacement ready to fill that job if the incumbent died or quit. The promotion of one employee causes a ripple or chain effect, as subsequent employees are promoted to fill the sequential openings. In short, replacement planning consisted of a periodically updated table of employees who might be nominated if need arose. This type of planning focused on the high-potential candidates all ready to step into vacant positions, and in doing so set off a chain effect throughout the organization. This model assumed that people have single careers within one organization.
