Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Succession Planning in Middle Managment - Essay Example

Comments (0) Cite this document
An investigation into the succession planning in the middle management within the Cayman Islands will be conducted to determine if succession planning is being conducted in the Cayman Islands. This will be done through interviews with the people of Cayman Islands who are part of the middle management in organizations in the said place…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.7% of users find it useful
Succession Planning in Middle Managment
Read TextPreview

Extract of sample "Succession Planning in Middle Managment"

Download file to see previous pages Effective succession planning should be integral to the organization's culture, and the process should cultivate "predictability" rather than "chaos" or last minute scrambling to find potential leadership candidates (Succession Planning for Nursing Leadership, 2006). Succession planning considers moving through different levels of leadership, such as local chapters to provincial or territorial to national organizations.
Stated simply, business succession planning is the process of protecting the owners of a business by planning for the incapacity or death of an owner. The succession plan should address (i) the identity of the successor manager(s) of the business, (ii) the identity of the successor owner(s) of the business (perhaps most importantly, by identifying permissible successor owners, we identify those who cannot be successor owner(s) - creditors and other outsiders), and (iii) treatment of the interest of a departing owner, whether the departure is due to retirement, disability or death. The advantage of putting a plan in place to deal with inevitable events is that we limit (or eliminate) the unknown and can reach mutual consensus before a potential crisis.
Succession planning aims to attract high potential people (rising stars) to develop as leaders, enhance other's leadership skills through formal and informal methods, improve all aspects of others' potential and institutionalize leadership development in your association or organization. Succession planning along with workforce management in general is increasingly regarded as a growing influence in determining the success of an enterprise. If it is undertaken effectively then it can ensure that your organization has capable and trained managers to guide its growth (Succession wizard, 2006).
The importance of succession planning is in the move to flatter management structures. Succession planning is insurance for when key people leave an organization. With fewer layers of middle management available to fill these key roles it is important that potential successors are identified early and given appropriate training so that when the time comes for their move to more senior roles disruption is minimized.
The important thing is to build a succession plan which is ongoing and durable rather than something which you just look at during the annual planning process. People are the most important asset and good workforce planning will give business a clear performance and competitive advantage.
Organizations generally have a wealth of talent already working in different positions and levels throughout their business. This hidden resource needs to be identified and tapped as it is a key factor in effective succession planning. Workforce planning allows to know the skills and resources that are already in these people. Utilizing gap analysis, succession planning can identify those people who, with provision of support and training, can climb management structure and become its future leaders.
Common elements of succession planning are balance of succession in the industry and organization, ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Succession Planning in Middle Managment Essay Example | Topics and Well Written Essays - 2500 words”, n.d.)
Succession Planning in Middle Managment Essay Example | Topics and Well Written Essays - 2500 words. Retrieved from
(Succession Planning in Middle Managment Essay Example | Topics and Well Written Essays - 2500 Words)
Succession Planning in Middle Managment Essay Example | Topics and Well Written Essays - 2500 Words.
“Succession Planning in Middle Managment Essay Example | Topics and Well Written Essays - 2500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Succession Planning in Middle Managment

Managment Planning

...?Management Planning Table of Contents 0. Overview 3 2.0. Planning Functions of Management 4 2 Planning 4 2.2. Organizing 5 2.3. Leading 6 2.4. Controlling 7 3.0. Influences on Management Planning 8 3.1. Legal Issues 8 3.2. Ethics 9 3.3. Corporate Social Responsibility 10 4.0. Three Factors that Influence the Company's Strategic, Tactical, Operational and Contingency Planning 11 References 12 1.0. Overview Tyco International Ltd is recognized to be one of the leading global manufacturers and marketers of electronic security and fire protection & detection products and services. Presently, the organization operates in over 60 international markets. The objectives of the organization are to attain an overall growth in terms of governance...
5 Pages(1250 words)Research Paper

Ecosystem Succession

...Ecosystem Succession "Ecological succession is defined as a continuous, unidirectional, sequential change in the species composition of a natural community." (Mackenzie, Ball and Virdee 2001) This sequence is known as a "sere" and it ends in climax community. Let us take an example of an old field, which has been abandoned. The succession progress is shown below. Annual weeds Herbaceous Perennials Shrubs Early Successional trees Late Successional trees The whole process is a "sere". And each successional stage is a "seral stage". Seral stages may be a few years or a few hundred years in length depending on type of stage and environment conditions. The final or equilibrium stage is known as "climax...
3 Pages(750 words)Essay

Business Succession Planning

The minority shareholders are those shareholders who are in a position to exercise control over the issues of the company. This situation may lead to a conflict of interests between the majority and minority shareholders. The reasons for such conflicts and the likely effects of those conflicts on corporate governance and the ways to solve such conflicts are discussed in this paper.
Structural reasons: The organization structure is so designed that some people may have advantages over others by having access to information and resources so that they have more insider information. Hence, this creates an organization which is not transparent. Also, the majority of shareholders can have control of financial resources and human reso...
6 Pages(1500 words)Research Paper

Succession Planning Strategy

...Succession Planning Table of Contents Introduction Succession is an important activity in any company. With the average age of the employees going up, it is quite normal to find a larger percentage of people nearing the retirement age. The succession and succession planning is different from the way replacement plan is done normally. While the replacement plan is to ensure that there is only one vacancy which needs to be filled up, in case of a succession it is a planned movement of the entire set of people below the level where vacancy is found albeit only one person is moved. Succession planning is not only planning for a replacement but also for overall talent management strategy. While aging of the staff is major contributor...
21 Pages(5250 words)Research Paper

Effective Succession Planning for Berkshire Hathaway

... and No. (Succession Issue at Berkshire Hathaway) 13 December Introduction The main problem facinginvestor Perez today is whether to make his investments in Berkshire Hathaway. In particular, his dilemma is to make an honest assessment of investment risks considering that its founder, Mr. Warren Buffett, is about to retire and is ready to hand over the management of the investment company to a designated much younger successor. As Mr. Buffett is considered as a living investment legend, it is hard for anyone to succeed him. There are several issues associated with succession in an investment firm especially for a very big one like Berkshire Hathaway that handles several billions in its portfolio. This short paper looks at some...
5 Pages(1250 words)Case Study

Succession Planning for a CEO

Succession Planning for a CEO Question Lone Star should consider the experience and the qualifications of an individual who will succeed Ritter. Based on the wide range of financial services offered by Lone Star, it will be essential to have a candidate with extensive knowledge in finance and economics. Similarly, the potential successor should have extensive knowledge especially in the banking industry. Herbert et al (2011) implies that the board should not only look for internal successor but also it should look for external individuals who are qualified. Based on his wide experience as senior vice president of operations, Bob Bowers should replace Ritter. In this way, Bowers who is aware of the bank financial position will be w...
2 Pages(500 words)Essay

Succession Planning in the Peri-Operative Setting

...Succession Planning in perioperative Setting This proposal is aimed at implementing a succession plan for the retiring nurses by identifying and preparing appropriate individuals via training, coaching and mentoring to replace main organizational leaders. The objective is to develop training programs that identify, develop, motivate and transition trained nurses to fill up the available positions left by the retiring nurses. This objective is informed by the fact that, the future of nursing depends on the training that enables nurses to be leaders of change in advancing health. 2) The type of study to be done The type of study is an evaluation study into the succession via training new nurses to take future positions left by retiring...
2 Pages(500 words)Thesis Proposal

Human Resource- Succession Planning & Strategic International HRM

... to focus on. Because of the highly volatile business environment, skill needs change rapidly, making it imperative to focus on soft competencies. Employees should be evaluated based on their capabilities to solve complex issues. The company should focus on long-term succession planning so that any emergency replacements are automatically taken care of. Competencies are groups of related behaviors essential for successful performance. Because of the global operations, the organization needs managers competent with general mobility skills and knowledge. This would ensure managers are effective in group processes, possess the necessary communication skills and are ready to adapt to the changing business needs and environment. Other general...
4 Pages(1000 words)Essay

Succession Planning of A.C. Milan

The soccer team plays in Series A league. A.C. Milan was established in 1899 by Herbert Kilpin and Alfred Edwards among others. The soccer team has its entire history in the top Italian football flight with an exception of 1982–83 and 1980–81seasons popular as Serie A between1929–30 (Singer, 2010).
The club’s owner is former Prime Minister of Italy with a controlling shareholding by Mediaset Silvio Berlusconi as well as Adriano Galliani, the vice-president. The soccer team is ranked as a wealthy and most valuable asset in the Italian, as well as world football. The soccer team was one of the founding members of G-14 group (now-defunct) in Europes leading football clubs as well as the replacement, European Club Association. Mil...
12 Pages(3000 words)Research Paper

An Effective Planning Process

Managements first and the most fundamental problem is selecting the right individuals with the prospective for development. evenly important is the placement of those individuals in positions in the organizational structure where their talents are most desired.
Manpower development instigates with human resources planning also known as manpower planning, which establishes a firm's specific personnel rations. These are attained by a qualitative fortitude of the individual job specifications and of the specific characteristics required of a person for the successful performance of each job. Once these job requirements are recognized, it is essential to forecast the number of persons desired for each job. This stage of employmen...
11 Pages(2750 words)Coursework

Personal Tax And Estate Planning

On income, yet, many are of the opinion that their tax system is too complicated for understanding, bringing out supporting evidence and some even saying from the outlook of the people comparing the U.K. with other European countries and making their own standing.

Before now, the scheduler system was and was used for ages though abolished, if asked, it will definitely be for the development of the country putting in mind factors like, people are the force of the economy, so taxes imposed must be fair and reasonable which will not be too demanding on the people. The abolishing of the scheduler system has definitely brought difficulties and confusion since it was based on a “Category of treatment” but now it i...
6 Pages(1500 words)Report

My Personal Development Planning

It also helps to define the appropriate development to meet those perceived needs. Scheduling and timing are important but cannot be too regimented.” (Personal Development Planning time management).

Time is one of the most essential elements of human life and its proper management is required for the personal development of human beings. Time management has been defined in different ways and a good understanding of the concept may be arrived at from the following definitions. “Time management is a set of principles, practices, skills, tools, and systems that work together to help you get more value out of your time with the aim of improving the quality of your life.” (Definition of Time Management. 200...
9 Pages(2250 words)Case Study

The Issues Involved in Succession Planning

Consequently, planning management succession becomes a prime requirement to ensure the right number and right kind of management staff at the right time and in the right positions for continued organizational vitality and strength. In simple terms, succession planning is an organizational process of pinpointing or selecting certain competent people as successors for key executive appointments like CEO, CMD, etc. after the expiry of terms of their current occupants and proactively planning their career moves in that direction.

This process is straightforward in a family business where the heirs are obvious and well known. However, in other organizations, succession planning is required to be a logical and well thought o...
7 Pages(1750 words)Research Proposal

Building Control, Planning and Health and Safety

For semi-detached or detached house the volume of the extension is less than 70m3 or 15 percent of the volume of the original building whichever is the greater subject - with an absolute limit of 115m3.” [1]

Though apparently the extension pertains to none of the above cases yet the purpose of the extension if renewed and renovated it may not at all require the Building Regulation’s approval and obtain a retrospective Building Regulation consent for the extension from the Local Authority. When the house converted to a terraced house the extension’s construction becomes perfectly legal considering it is less than 50 cc or 10% of the volume of the original building as cited above. Poles are bored to crea...
6 Pages(1500 words)Case Study

The Work Breakdown Structure and its Advantages in Project Planning

A typical construction project involves a WBS that evolves from an initial task that is successively subdivided into smaller work blocks until the lowest level is reached, indicating a tree-like structure. Subdividing the project breaks down the project work effort into packages that are both manageable and independent. It connotes that the lowest level of the package corresponds to the smallest project work, which requires the shortest completion time periods. As WBS shows the relationship of all elements of a project, a sound basis for cost and schedule control is provided.

Some lists of project activities involved in WBS include budgeting, cost allocation, time allocation and management, and quality assurance. These...
11 Pages(2750 words)Report

National Health Service Human Resource Planning

There are about 1500 primary care dentists who are working on a salaried basis with the NHS, in most cases employed by primary care trusts. This group of individuals was a part of the local government earlier but in 1974, they were transferred into the NHS. (Personnel Today, 2007). Starting from the year 1997 onwards, the U.K. Department for Education and Employment had allowed for additional funding of $7.2 million to ensure that medical schools are able to pay clinical academia staff the awards that have been recommended for doctors and dentists in the NHS, by the Doctors and Dentists Review Body (Beecham, 1996). This move was initiated to introduce pay parity because university employers found it difficult to pay the 3.8% incre...
14 Pages(3500 words)Term Paper

Marketing Planning of MD Inc UK

To cash in on the brand image achieved through the success of the ‘Bliss’ range of a hair care products, by positioning the new product range as affordable while being gentle and versatile and target the already favorable market segment of the ‘Bliss’ range.
MD inc. has already been in the beauty and personal care sector and has a successful product range named ‘Bliss’ under its kitty. The new market that is the Electrical hair care appliances market is potentially a high growth area. Though the current growth rate is slow, the future trends indicate that with appropriate marketing strategy and positioning, the market and the companies in this sector can grow at a higher rate.
6 Pages(1500 words)Case Study

Project Planning Human Capital

Project planning involves a lot of factors and areas that we need to address for the effective management and handling of the project. The aim of this report is to provide a deep insight into some of the main areas that we need to address for the project of Adams's family farmhouse renovation. These issues are project team communication, project risk management, and deadline handling. Effective communication in a project provides a huge advantage regarding the better working and handling of the project. I have selected a very significant project regarding the preservation of the old and historical places. Here we require effective communication to provide better interaction among the designer, developers, and history preservation...
8 Pages(2000 words)Coursework

Managment of Road Freight Transport

...Introduction The evolution of society has triggered many new fields and areas of study which did not exist before. The laws of economies interestingly apply to the need of human evolutions in many areas. This may not feel as obvious on initial observation as one may expect. In the larger context of things we can however observe many examples which prove the argument provided above. For example, we can see that human needs create demand for technologies and the forces of supply force our intellect to form new areas of study to fill this gap. A few decades ago there was no mention of any management of road vehicles. This was because there was not much traffic on roads to create problems from excess traffic. As the density of traffic...
7 Pages(1750 words)Case Study

The Role of Strategic Planning in Crisis Management in the Organizations of Civil Society

The objectives of this thesis could be described as follows: a) to show that strategic planning can be valuable in organizations of civil society, b) to show how strategic planning can be used in crisis management and c) to make clear that crisis management in organizations of civil society can be effective only if a specific process, i.e. strategic planning is employed.

For achieving the objectives described above the following research questions need to be answered: a) which is the role of strategic planning in organizations of civil society, b) which are the most common forms of strategic planning in these organizations, c) is strategic planning able to support crisis management in general? If yes, would this role of...
10 Pages(2500 words)Thesis Proposal
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Succession Planning in Middle Managment for FREE!

Contact Us