delegation and succession planning
Delegation refers to the process of assigning tasks, responsibilities, and authority to individuals or teams within an organization. It involves transferring decision-making power and control from one person to another, usually a subordinate, while still retaining overall accountability. Delegation helps distribute workload, foster skill development, and enhance productivity. Succession planning, on the other hand, is a strategic process of identifying and preparing potential successors within an organization for key leadership positions. It involves assessing and developing individuals' competencies, knowledge, and experience to ensure a smooth transition of leadership when incumbents retire, move on, or are unable to perform their roles. Succession planning helps maintain organizational stability, continuity, and future growth.
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Related Concepts (16)
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