Discussion Post: Succession Planning
Your organization's workforce development advisory panel is made up of senior executives from four groups (space, engineering, marketing, and technology). The panel has directed you to design and implement a succession plan for all senior management roles.
Senior management roles supervise middle management divisions within each of the four areas.
a) The space group has three: sensors, platform and engines.
b) Engineering has mechanical, civil, and electronic.
c) Marketing has operations and research.
d) Technology only has cloud and network.
No retirements or departures are currently expected, but there is concern that the space group could have departures based on current intensive market competition that has major compensation packages being offered to prospective employees. In your responses, please consider the following for your succession plan design:
a) All succession should be internal.
b) Should succession be internally competitive, by panel direction, or by CEO discretion?
c) What other considerations should be used in the succession planning?
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.