Succession planning (SP) is a process for identifying and developing new leaders who can replace old
leaders when they leave, retire or die. Succession planning increases the availability of experienced and
capable employees that are prepared to assume these roles as they become available.
Understanding strategic business goals and preparing for future growth is a driving force for the
succession planning process. The process includes identifying critical roles, reviewing requirements,
analyzing gaps, developing plans, implementing succession strategies, and monitoring and managing