The GM's 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 foreseen retirements and unforeseen resignations. For family business, succession planning often includes issues of ownership structure, management, organization design and exit planning.

Similar Terms

  • Talent management

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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