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06 January 2012 / Article
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Copy LinkHuman resources leaders must make succession management a strategic priority and take the lead in the development of a corporate-wide approach. This approach should include development of processes for succession and talent management. Areas of focus may include working closely with the CEO and leadership team, educating the board about the talent enterprise, and creating guidelines that clearly describe the organization’s succession process. Companies can also turn to outside firms for succession assistance, but they should consider how best to engage those advisors in the process and how consultants can advise the CEO and others about building formal succession processes.
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