Why Do You Think Companies Like Dole Need Succession Planning - Free Essay Example

Why do you think companies like Dole need succession planning? I think big companies or corporations like Dole or any other companies need succession planning. â€Å"Succession planning† is a process for identifying and developing internal people with the potential to fill key leadership positions in the company. Succession planning increases the availability of experienced and capable employees that are prepares to assume these roles as they become available. Research indicates that clear objectives are critical to establishing effective succession planning (Kesler, 2002). Having this process in place vital to the companies like Dole because the individuals identified in the plan will eventually be responsible for ensuring the company is able to get through future challenges. These high potential candidates must be carefully selected and the provided training and development that gives them skills and competencies needed for tomorrow’s business environment (Anonymous, 2005). At the end if the company like dole want to remain successful they need to use succession planning to make sure the individuals exposed to as much of the working environment possible so that they gain a good understanding of what company requires. 2. Do you see any disadvantages of â€Å"automating† succession planning? I think it’s very difficult to assume that there might be disadvantages to succession planning but there are some things we need to consider as we don’t live in a perfect world. Appointing the wrong person can lead to a variety of problems that result in poorer company performance and turnover. -Pulling the trigger too quickly to appoint someone only to have a better candidate appear later on. -Engaging in succession planning when the business is immature may lead to erroneous conclusions about leadership needs. A poorly conducted succession planning process will lead to poor decisions, disharmony and ultimately poor company performance as well (A nonymous, 2009). But if corporation committed to an excellent process, we’ll find that the advantages greatly outweigh the disadvantages. References: Anonymous. Why is succession planning is important? www. ameinfo. com/59276. html Anonymous. Advantages and Disadvantages of succession planning.