Succession planning is "the process of ensuring a suitable supply of successors for current and future senior jobs arising from business strategy so that the careers of individuals can be planned and managed to optimise the organisations' needs and individuals' aspirations". The growth and development of an organisation requires a succession of people to fill various important positions in the [...]
The steps involved in the process of executive development are:- 1. Identifying Development Programmes 2. Appraisal of Current Pool of Management 3. Defining Parameters 4. Inventory of Executives Manpower 5. Developing Executive Development Programmes 6. Conducting Development Programmes 7. Programme Evaluation. Executive Development: Process, Stages and Steps Process of Executive Development – 7 Step Process 1. Identifying Development Programmes: First, [...]
According to the social scientists, workers' participation in management is the best technique for utilization of human resources. It not only increase workers' productivity but also encourage, for achieving social justice. Thus, it is welcomed at all levels. Workers' feel satisfied when decisions are taken with their participation directly or indirectly. They feel part and parcel of the organisation. The [...]