PRESENTATION ON FAILURE OF SUCCESSION PLANNING

-PREPARE BY: RADHIKA PARMAR T.Y.(BBA) DIV. II (HR) ROLL NO. H-31

INTRODUCTION

Succession planning the process concerned with identifying, developing and tracking key individuals for executive positions. Ad hoc succession planning leads to crisis. Example: Westinghouse Electric Company. It is applicable at all levels, but most formidable at the highest level. Example for effective succession planning: TATA Group of Companies.

REASONS OF FAILURE OF SUCCESSION PLANNING

Arbitrary identification of candidates. Lack of strategic vision in chosen business heads. Excellent no. 2s. Candidates not prepared for taking over. Employees aspirations are ignored. Lack of transparency of succession planning process. Portfolio is split. Perception the program being applicable the to

CASE STUDY ON

BEVERAGES PVT.

GUIDELINES FOR EFFECTIVE SUCCESSION PLANNING

It should be customized. It should be driven by line function. It develop key candidates in anticipation of future openings. It does not end at selection. It must take into account the culture of organization. It must be consistent with the companys future strategic direction.