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ARTICLE · 22 AUGUST 2014

Five Business Reasons To Implement A Succession Planning Programme

The art of succession planning focuses on being able to identify alternative options should one's initial plan fail or cannot be implemented.

MaltaStrategy

The art of succession planning focuses on being able to identify alternative options should one's initial plan fail or cannot be implemented. For this reason, Succession Planning is very similar to Contingency Planning insofar as succession planning within an organisational context increases organisational flexibility and helps an organisation have more than one option in any situation.

But what does Succession Planning really focus on? The secret of an effective Succession Planning programme is one - identify your key activities and make sure you have more than one option that will still enable the activity to be carried out as planned. A stunning example the whole world has seen of how important succession planning is was in this year's FIFA World Cup Finals that were hosted by Brazil. The Brazilian football team was built around two key players, Thiago Silva and Neymar, and as long as these two players were in the team, the host nation managed to progress in these

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