Succession planning is a strategic process that organizations use to identify, develop, and prepare future leaders and key talent to ensure continuity, stability, and long-term success. This process involves assessing current leadership and key roles, forecasting future organizational needs, and creating development plans for high-potential employees to step into critical positions as they become available. Succession planning is essential for mitigating the risks associated with unexpected vacancies, retirements, or departures, ensuring that the organization is well-equipped to maintain its operations and achieve its strategic objectives without disruption.

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