Question

The process of deciding how to fill executive positions at a firm is known as ------- . 1. internal recruiting 2. succession planning 3. long-term forecasting 4. advanced interviewing 5. candidate testing

Answer 1

here's your answer

the process of deciding how to fill executive positions at a firm is known as successions planning

Answer 2

Answer:

The correct answer is 2. succession planning

Explanation:

Succession making plans is a technique and method for substitute planning or passing on management roles. it's far used to identify and develop new, ability leaders who can circulate into leadership roles when they emerge as vacant. Succession planning in dictatorships, monarchies, politics, and international family members is used to ensure continuity and prevention of electricity battle.within monarchies succession is settled through the order of succession.In commercial enterprise, succession making plans entails growing inner people with handling or leadership potential to fill key hierarchical positions in the enterprise. it is a method of identifying crucial roles in a business enterprise and the core capabilities related to those roles, and then figuring out feasible inner candidates to count on those roles when they turn out to be vacant. Succession making plans also applies to small and circle of relatives companies (along with farms and agriculture) in which it's far the system used to transition the ownership and control of a enterprise to the subsequent era.

Effective succession or skills-pool management concerns itself with constructing a sequence of feeder groups up and down the complete management pipeline or development. In assessment, alternative planning is focused narrowly on identifying precise again-up applicants for given senior control positions. concept should receive to the retention of key employees, and the outcomes that the departure of key employees may also have at the commercial enterprise

essential to the succession-control technique is an underlying philosophy that argues that pinnacle talent within the corporation have to be controlled for the greater accurate of the employer. Merck and other organizations argue that a "talent mind-set" ought to be a part of the leadership culture for these practices to be effective.

The process of deciding how to fill executive positions at a firm is known as

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