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ERIC Number: EJ896095
Record Type: Journal
Publication Date: 2010
Pages: 27
Abstractor: As Provided
Reference Count: 47
ISSN: ISSN-0898-5952
Measuring the Value of Succession Planning and Management: A Qualitative Study of Multinational Companies
Kim, Yeonsoo
Performance Improvement Quarterly, v23 n2 p5-31 2010
This article proposes a model for planning and operating an effective succession planning and management (SP&M) program and measuring its value. The nature of the research is exploratory, following a qualitative approach using in-depth interviews. Representatives of multinational companies interviewed for this study revealed that succession planning was considered a key corporate strategy to achieve various objectives. Although the level of sophistication of succession planning varies, implementation of a succession planning program follows four phases: initiation, assessment, development, and evaluation. SP&M programs were measured in process or based on outcomes. The study suggests possibilities for several models and approaches, including applying a balanced scorecard approach to evaluating succession planning. (Contains 9 tables and 4 figures.)
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Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A