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Succession Management is a process of planning for the future of a business or organization by identifying and developing potential successors for key roles. It is a critical component of financial planning, as it helps to ensure the continuity of the organization and its operations. Succession Management involves identifying and assessing potential successors, developing their skills and abilities, and providing them with the necessary resources to succeed. It also involves creating a succession plan that outlines the roles and responsibilities of the successors, as well as the timeline for their transition into the role.
Succession Management is an important part of financial planning, as it helps to ensure the continuity of the organization and its operations. It also helps to ensure that the organization is prepared for any changes in leadership or management.
Some companies in the Succession Management market include Oracle, SAP, Workday, Cornerstone OnDemand, and Ultimate Software. Show Less Read more
