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Succession planning is an organization’s dynamic way to come up with a reserved plan of action to ensure continuity of business operations, at all levels of an organization, by cultivating talent from within the organization through planned development activities while replacement planning is a form of risk management.
Replacement planning usually lists internal backup candidates for senior level positions with a brief description about knowledge, skills and abilities that the backup candidate brings on board.
Succession planning focuses on developing people, with ultimate goal being to build a talent pool, so whenever a vacancy occurs the organization has qualified internal candidates.
Flexible planning and changeable use and future extension
Succession planning is a process for identifying and developing new leaders whocan replace old leaders when they leave, retire or die. ... In business, succession planning entails developing internal people with the potential to fill key business leadership positions in the company.
Succession planning is the key to development for group as well as for persons who effort near improvement of their abilities to certify they are adding worth and interested sufficient to raise the business
Succession planning is a long term strategic plan. Replacement planning is a short term internal plan
Replacement Planning is a process of identifying emergency backups for any critical positions of critical people's position intended just fo a short period of time while Succession Planning is a process of identifying and or developing new leader that will replace the old ones once they retire.
Succession Planning is a process for identifying and developing new leaders who can replace old leaders when they leave, retire or die this also can benefit others by sharing knowledge & experience or the training that helps candidates taking over the needed position.
Replacement Planning is a process to put the comander for handling crisis and most likely a leader for emergency situation and maybe this a temporary action or long term based on the process the company follow.
Succession planning talent is usually sourced from internal and external candidates.This is a long term strategic plan. Replacement planning is usually soursed internally. this is a short term tactical plan.
Succession planning is I can say more effective plan than replacement planning. Why? having succession plan is like seeing your plan to be successful having no doubt about it. While replacement planning is more like planning with doubt or having no trust with your plan. And for me its not good and not that competitive planning strategy.
Use the position as a testing ground for the succesion planning ,ease the person into the role some people are quicker than others at adjusting to their new position ,the slower learners are sometimes more adept at overcoming the obstacles in there path.
