Assignment task:
1. Explain what succession planning is and why it is crucial for business continuity?
2. The benefits of succession planning, such as reducing risk, ensuring stability, and improving employee morale.
3. How to identify potential successors and the criteria for selecting them?
4. Share key components of a comprehensive succession plan, such as training, mentoring, and job rotation. o Communication plan for the succession process.
5. Explain how to implement and monitor the succession plan to ensure its effectiveness.