Business succession planning: a review of the evidence barry ip and gabriel jacobs school of business and economics, university of wales swansea, swansea, uk abstract purpose – this article aims to review business and academic literature on the topic of business succession planning (bsp) the purpose is to allow the vast quantity of evidence. Succession planning literature review succession planning definition succession planning is a process for identifying and developing internal people with the potential to fill key business leadership positions in the company. “the effect of succession planning on employee retention” literature review in an organization, every employee tends to rise to his level of ineffectiveness (jr, 2003)succession planning is the power to developing the strengths and performance of their people and maximizes production capacity succession plan not executed, can. Succession planning is a process for identifying and developing new leaders who can replace old leaders when they leave, retire or die succession planning increases the availability of experienced and capable employees that are prepared to assume these roles as they become available. And reporting staff, effective succession planning etc, is dependent upon the ability to retain the best employees in any organization encouraging employees to remain in the organization for a long period of time can be employee retention: a review of literature .
This is consistent with my review of the literature and would appear to support the premise that although there was an increased awareness of the need for succession planning as identified by amongst others desbiens (2010), gonzález (2010), and wallin (2006) the means by which succession planning can be implemented in ontario caats was not. The elements of effective succession planning the specific intent of the review was to find information on the topics of leadership development mechanisms and strategies, transition. Effects of succession planning practices on organisation performance among the non-governmental organisations’ in kenya literature review succession planning is in the realm of leadership development, strategic management and human.
This literature review addresses the concerns of succession planning at all organizational levels within the healthcare industry the healthcare industry is in the midst of a. Succession planning and management systems clearly provide companies with methods for developing certain aspects of the leadership it requires to remain competitive and for managing risk. This paper reviews the research to date on succession in the field of family business management five streams of research are highlighted: (1) succession as a process, (2) the role of the founder, (3) the perspective of the next generation, (4) multiple levels of analysis, and (5) characteristics of effective successions gaps in the literature and future research directions are also presented.
Some suggestions for successful succession planning in family businesses are that owner mangers must to having an open and transparent succession plansummary 1 this article talks about the mistakes owner managers of family businesses make while doing succession planning. Succession planning & leadership transition 2009–2010 robert hb baldwin fellow judy frick an extensive literature review of books, articles, websites and other written materials 2 an emergenc y succession plan ensuring that key lead-ership and administrative functions, as well as agency ser-. Chapter 2 literature review 23 origins of succession planning 23 evolution of succession planning 24 succession planning can be described as the practice of identifying and developing select employees to succeed the existing leadership within an organization. Literature review of succession planning in hrm print reference this disclaimer: this work has been submitted by a student this is not an example of the work written by our professional academic writers you can view samples of our professional work here.
A conceptual framework, theories, on succession planning in family business that include rothwell’s seven point star, schein, accelerated talent pool are expected please note that i have already started a literature review, i used said for my proposal. The assessment of banking succession planning in ensuring its continuity: a case of mkombozi commercial bank plc belinda mungele mkama a dissertation submitted in partial fulfillment of the. I declare that succession planning a developmental tool for developing middle managers in the department of science and technologyis my own work and that all the sources that i have used or quoted have been indicated and acknowledged by means of complete references. Literature review of succession planning strategies and tactics irina a weisblat a systematic approach to developing prospective leaders and industry captains is rare a question arises about who will shape the future of the american economy and ensure national competitiveness throughout the.
Market evaluation surveying data analysis benchmarking innovative practices literature review effective practices for succession planning in higher education in this report, the hanover research council provides an overview of best practices succession planning in higher education is a fairly. In this article, we review the most salient studies of succession planning and offer context from experts on the process of picking new leaders for organizations boards aren’t ready for succession. Brief literature review a recent literature search shows that while articles on succession in the private sector continue to proliferate, there continues to be a lack of strong public and.