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

Oyewole Oluwaseun Oduwusi

doi:doi:10.11648/j.ajmse.20180301.11

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

Oyewole Oluwaseun Oduwusi

Published in American Journal of Management Science and Engineering (Volume 3, Issue 1)

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.

Published in	American Journal of Management Science and Engineering (Volume 3, Issue 1)
DOI	10.11648/j.ajmse.20180301.11
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), 2018. Published by Science Publishing Group

Keywords

Succession, Planning, Managerial, Transition Process, Corporate Organizations

References

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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://article.sciencepublishinggroup.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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TY  - JOUR
T1  - Succession Planning as a Key to Effective Managerial Transition Process in Corporate Organizations
AU  - Oyewole Oluwaseun Oduwusi
Y1  - 2018/05/15
PY  - 2018
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DO  - 10.11648/j.ajmse.20180301.11
T2  - American Journal of Management Science and Engineering
JF  - American Journal of Management Science and Engineering
JO  - American Journal of Management Science and Engineering
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PB  - Science Publishing Group
SN  - 2575-1379
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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.
VL  - 3
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Author Information

Oyewole Oluwaseun Oduwusi

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

Copy | Download

@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://article.sciencepublishinggroup.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}
}

Copy | Download

TY  - JOUR
T1  - Succession Planning as a Key to Effective Managerial Transition Process in Corporate Organizations
AU  - Oyewole Oluwaseun Oduwusi
Y1  - 2018/05/15
PY  - 2018
N1  - https://doi.org/10.11648/j.ajmse.20180301.11
DO  - 10.11648/j.ajmse.20180301.11
T2  - American Journal of Management Science and Engineering
JF  - American Journal of Management Science and Engineering
JO  - American Journal of Management Science and Engineering
SP  - 1
EP  - 6
PB  - Science Publishing Group
SN  - 2575-1379
UR  - https://doi.org/10.11648/j.ajmse.20180301.11
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.
VL  - 3
IS  - 1
ER  -

Copy | Download