Management and Organizational Studies 3383A/B Chapter Notes - Chapter 7: Baby Boomers, Management Development, Knowledge Worker

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 3383A/B
• Professor: Jody Merritt

Document Summary

Succession management systematic process of determining critical roles within the organization, identifying and evaluating possible successors, and developing them for their roles. Focus on critical roles, not just ceo: ceo, senior management (executives), critical roles based on long term value to organization. Replacement planning process of identifying short and long-term emergency backups to fill critical positions: has evolved over time. Time horizon: traditionally concerned with immediate and short-term replacement, succession management looks at longer term focuses of two or more years harder to do so managers identify talent pools rather than single successors. Rating system: previously only the boss of high-potential employee/replacement supplied info about employee. Increasing use of 360-degree feed(cid:271)a(cid:272)k sheds light o(cid:374) (cid:272)a(cid:374)didate(cid:859)s style a(cid:374)d perfor(cid:373)a(cid:374)(cid:272)e. Align succession management plans with strategy: management development must be linked to business plans and strategies. Identify the skills and competencies needed to needed to meet strategic objectives.