Succession Plan: Insight into the Talent Reserve Strategy of Renowned Enterprises: Insight into the Talent Reserve Strategy of Renowned Enterprises

Author: Li Fei
Publisher:
Publish Date: 2004-01-01
Features: If the CEO of a successful company has not yet selected and nurtured their successor, the company's weaknesses in strategic thinking are exposed. Leaders should not wait for a position to become vacant before considering who to promote, as this will only lead to the company's bankruptcy. Wise leaders should proactively develop a succession plan to ensure a pool of high-quality individuals is promptly filled in key positions. If a company can ensure that a group of well-trained, experienced, and self-motivated outstanding talents take over future important roles, this better sets higher goals for the company's key employees, retaining them to ensure that all important positions are filled by competent successors.