How to Use
The GMs Index of Terms

Current term

5.6.4 Succession planning

Level 1

  • 1. Structure
  • 2. Marketing and sales
  • 3. Operations
  • 4. Information
  • 5. Human resources
  • 6. Finance

Level 2

Level 3

Level 4

Succession planning

Definition

How to prepare for new roles and foreseen and unforeseen vacancies. For closely-held businesses, succession often includes issues of ownership structure, management, organization design and exit planning.

Similar Terms

  • Talent management
  • Emergency succession plan

3 Good Questions

  1. How well documented is everyone's work?
  2. How long can we endure job vacancies?
  3. What makes an employee irreplaceable?

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