Discuss succession planning. How does it help organizations?
What will be an ideal response?
Succession planning is the process of identifying and tracking high-potential employees. Succession planning helps organizations in several ways:
1. It requires senior management to systematically review leadership talent in the company.
2. It ensures that top-level managerial talent is available.
3. It provides a set of development experiences that managers must complete to be considered for top management positions; this avoids premature promotion of managers who are not ready for upper management ranks.
4. It helps attract and retain managerial employees by providing them with development opportunities that they can complete if upper management is a career goal for them.
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______ is a process of allocating revenue and costs to customer segments or individual customers in order to determine their profitability.
A. Company profitability analysis B. Customer profitability analysis C. Collective profitability analysis D. Convenient profitability analysis
During which stage of the organizational design process would one ensure that the new structure is functioning well?
a. Setting the scene b. Understanding the business climate c. Evaluating the design d. Transforming the design
Porter Grace, RN, is declining an invitation to speak about the health benefits of juice bars at the fall conference of the Health and Fitness Trainers Association (HAFTA). Which of the following is the most effective buffer?
A) I must decline HAFTA's invitation to speak at its fall conference. B) HAFTA members must be looking forward to the annual fall conference in Phoenix this year. C) Because you requested only the benefits of juice bars and because I am only a registered nurse, I am not the speaker you need; perhaps you should contact a juice-bar salesperson. D) I cannot speak at your annual conference.
In a conditional sale possession but not ownership is transferred
Indicate whether the statement is true or false