ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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HR Inventory
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Succession Planning
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HRIS
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None of the Above
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Detailed explanation-1: -Succession planning is a process of developing talent to replace executive, leadership or other key employees when they transition to another role, leave the company, are fired, retire or die. It is relevant to all companies, from the largest to the smallest, in both the for-profit and not-for-profit sectors.
Detailed explanation-2: -Succession planning is the process of identifying the critical positions within your organization and developing action plans for individuals to assume those positions.
Detailed explanation-3: -There are 4 stages of succession planning: implementing a software solution, assessing key roles, identifying employees with the skills and potential, and creating and implementing development plans.