Succession management: Trends and current practice

Abstract

In today’s increasingly complex business environment, the issue of identifying and preparing the next generation of leadership talent is consistently cited by executives and boards as one of their most critical business priorities. Despite this, most organisations consistently rate their succession management practices as less than effective. The issue of succession management is influenced by a range of external and internal factors. This paper draws on current research and experience to explore existing practices and trends and provide a platform for the implementation of more effective initiatives moving forward.