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It should be incorporated as organization culture.Employees should be given job enrichment at workplace.Motivation and long term strategic planning are important
The present status of organization (Total employee, major product lines, Net worth, Net profit, image in the community, earning per share etc.) with the possible career progression/ future opportunities for the right candidates is to be marketed through the well-wishers and head hunters for an effective succession plan
i see that it's too much important to get complete Data and break down analysis to build a strong framework for succession plan
Share the idea with team and get the feedback and then apply the plan