TAILIEUCHUNG - Succession Planning & Management in Tough Economic Times

Establishing governance and institutional frameworks: Chapter 3 reports the extent to which countries have been able to establish the political, social, economic and administrative systems needed for managing the development and use of water resources. Applying management instruments: Chapter 4 reports the extent to which countries have been able to apply tools and methods, often referred to as “management instruments” that enable and help decision-makers to make rational and informed choices between alternative actions. Other important management instruments considered in this chapter include the financial ones, which are meant to help to support the sustainability of institutions, infrastructure and resources, as well as the services they provide. Developing infrastructure: Chapter 5 reports the extent. | Succession Planning Management in Tough Economic Times Assisting OrganisationstoAcquire RetaintheBestTalentthrough theDeve opment lntegrated Deliveryof InnovativePeopleManagement SystemsandSolutions people on the same page pagejy people Succession Planning Management Table of contents 1. What is Succession Planning and Management .2 2. Best Practice approach to 3. How is SPM related to the Employee Life Cycle .4 4. Measures of SPM 5. Why Does SPM Matter .5 6. The SPM . Prevalence of . The Value of . Barriers to 7. SPM and the Current Economic 8. Conclusion . 12 9. Integrated Talent Management Solutions 1Q innovative years counting. Key Issues Given that Succession Planning and Management has been shown to improve profitability why is its application not more widespread If organisations are to continue to survive let alone prosper in the current business environment the importance of a fluid well implemented Succession Management framework is critical. So is there a role for Succession Planning and Management in tight economic times If so what does it look like 200ỹ Australian Jtigiily Recommended Excellence in Customer Service zj Ernst Young iljp Entrepreneur Of The Year anthill COOL COMPANY FiVJMHiKl V T V TOP 50 2000 smỢrt people on the same page pager people Succession Planning Management 1. What is Succession Planning and Management For the purposes of this discussion paper it is important to distinguish between the concepts of Succession Planning and Succession Management as these are frequently used interchangeably in the literature. The term Replacement Planning is also a concept that features frequently in discussions about succession. Succession Planning and Management or SPM can be defined as a purposeful and systematic effort made by an organization to ensure leadership continuity retain and develop knowledge and intellectual .

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