The Art of Ensuring Continuity

Barbu discusses organizational continuity, which is crucial for long-term survival and success in a competitive business world. Succession planning, which involves identifying and developing future leaders, is a key component of performance management strategy. It is important to continuously assess...

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Bibliographic Details
Published in:FAIMA Business & Management Journal 2024-03, Vol.12 (1), p.3-4
Main Author: Barbu, Andreea
Format: Article
Language:English
Subjects:
Communication
Corporate culture
Employees
Leadership
Performance management
Success
Succession planning
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Summary:Barbu discusses organizational continuity, which is crucial for long-term survival and success in a competitive business world. Succession planning, which involves identifying and developing future leaders, is a key component of performance management strategy. It is important to continuously assess and develop employee performance, as well as identify and cultivate their potential and motivation. Succession planning is not just an HR process, but a strategy that affects the entire organization and demonstrates a commitment to organizational performance and staff development. It brings several benefits, including continuity, stability, cost reduction, and employee motivation. To successfully implement succession planning, companies should focus on identifying potential successors, developing them through customized programs, and communicating the succession plan to employees. Implementing an effective succession strategy can lead to sustainable performance and foster a culture of excellence within the organization.
ISSN:2344-4088