American Journal of Management Science and Engineering

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Succession Planning as a Key to Effective Managerial Transition Process in Corporate Organizations

Received: 14 March 2018    Accepted: 27 April 2018    Published: 15 May 2018
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Abstract

Succession planning is a vital element in the current scenario of tight managerial transition process in competitive business environments. Identifying and developing potential successors for key positions in an organizations through systematic evaluation process and training of competent employee for transition processes is fundamental for the success of every organization. Often time, the least qualified person or unprepared person to fill the vacant position takes over the leadership thereby leading the organization into corporate oblivion. This paper reviewed the roles of succession planning in the process of replacing key positions in an organization. From the review, many organizations experience breakdown as a result of poor succession planning whereas corporate succession planning is essential for any organization that is on the trail of achieving excellent managerial transition. This therefore recommends the establishment of effective succession planning in order to enhance organizational success. Nigerian companies must also ensure the introduction of succession planning as a matter of deliberate policy and build it into their strategic plan which must be reviewed regularly.

DOI 10.11648/j.ajmse.20180301.11
Published in American Journal of Management Science and Engineering (Volume 3, Issue 1, January 2018)
Page(s) 1-6
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Succession, Planning, Managerial, Transition Process, Corporate Organizations

References
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Author Information
  • Human Resources Department, APIN Public Health Initiatives, Abuja, Nigeria

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  • APA Style

    Oyewole Oluwaseun Oduwusi. (2018). Succession Planning as a Key to Effective Managerial Transition Process in Corporate Organizations. American Journal of Management Science and Engineering, 3(1), 1-6. https://doi.org/10.11648/j.ajmse.20180301.11

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    ACS Style

    Oyewole Oluwaseun Oduwusi. Succession Planning as a Key to Effective Managerial Transition Process in Corporate Organizations. Am. J. Manag. Sci. Eng. 2018, 3(1), 1-6. doi: 10.11648/j.ajmse.20180301.11

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    AMA Style

    Oyewole Oluwaseun Oduwusi. Succession Planning as a Key to Effective Managerial Transition Process in Corporate Organizations. Am J Manag Sci Eng. 2018;3(1):1-6. doi: 10.11648/j.ajmse.20180301.11

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  • @article{10.11648/j.ajmse.20180301.11,
      author = {Oyewole Oluwaseun Oduwusi},
      title = {Succession Planning as a Key to Effective Managerial Transition Process in Corporate Organizations},
      journal = {American Journal of Management Science and Engineering},
      volume = {3},
      number = {1},
      pages = {1-6},
      doi = {10.11648/j.ajmse.20180301.11},
      url = {https://doi.org/10.11648/j.ajmse.20180301.11},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.ajmse.20180301.11},
      abstract = {Succession planning is a vital element in the current scenario of tight managerial transition process in competitive business environments. Identifying and developing potential successors for key positions in an organizations through systematic evaluation process and training of competent employee for transition processes is fundamental for the success of every organization. Often time, the least qualified person or unprepared person to fill the vacant position takes over the leadership thereby leading the organization into corporate oblivion. This paper reviewed the roles of succession planning in the process of replacing key positions in an organization. From the review, many organizations experience breakdown as a result of poor succession planning whereas corporate succession planning is essential for any organization that is on the trail of achieving excellent managerial transition. This therefore recommends the establishment of effective succession planning in order to enhance organizational success. Nigerian companies must also ensure the introduction of succession planning as a matter of deliberate policy and build it into their strategic plan which must be reviewed regularly.},
     year = {2018}
    }
    

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    AB  - Succession planning is a vital element in the current scenario of tight managerial transition process in competitive business environments. Identifying and developing potential successors for key positions in an organizations through systematic evaluation process and training of competent employee for transition processes is fundamental for the success of every organization. Often time, the least qualified person or unprepared person to fill the vacant position takes over the leadership thereby leading the organization into corporate oblivion. This paper reviewed the roles of succession planning in the process of replacing key positions in an organization. From the review, many organizations experience breakdown as a result of poor succession planning whereas corporate succession planning is essential for any organization that is on the trail of achieving excellent managerial transition. This therefore recommends the establishment of effective succession planning in order to enhance organizational success. Nigerian companies must also ensure the introduction of succession planning as a matter of deliberate policy and build it into their strategic plan which must be reviewed regularly.
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