Succession Planning as a Key to Effective Managerial Transition Process in Corporate Organizations
American Journal of Management Science and Engineering
Volume 3, Issue 1, January 2018, Pages: 1-6
Received: Mar. 14, 2018; Accepted: Apr. 27, 2018; Published: May 15, 2018
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Author
Oyewole Oluwaseun Oduwusi, Human Resources Department, APIN Public Health Initiatives, Abuja, Nigeria
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Abstract
Succession planning is a vital element in the current scenario of tight managerial transition process in competitive business environments. Identifying and developing potential successors for key positions in an organizations through systematic evaluation process and training of competent employee for transition processes is fundamental for the success of every organization. Often time, the least qualified person or unprepared person to fill the vacant position takes over the leadership thereby leading the organization into corporate oblivion. This paper reviewed the roles of succession planning in the process of replacing key positions in an organization. From the review, many organizations experience breakdown as a result of poor succession planning whereas corporate succession planning is essential for any organization that is on the trail of achieving excellent managerial transition. This therefore recommends the establishment of effective succession planning in order to enhance organizational success. Nigerian companies must also ensure the introduction of succession planning as a matter of deliberate policy and build it into their strategic plan which must be reviewed regularly.
Keywords
Succession, Planning, Managerial, Transition Process, Corporate Organizations
To cite this article
Oyewole Oluwaseun Oduwusi, Succession Planning as a Key to Effective Managerial Transition Process in Corporate Organizations, American Journal of Management Science and Engineering. Vol. 3, No. 1, 2018, pp. 1-6. doi: 10.11648/j.ajmse.20180301.11
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Copyright © 2018 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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