What role does mentorship play in effective succession planning?
- Facilitating knowledge transfer and skill development
- Discouraging employees from pursuing career advancement
- Promoting competition among potential successors
- Relying solely on external recruitment for key positions
Mentorship plays a crucial role in effective succession planning by facilitating knowledge transfer and skill development from experienced leaders to potential successors. It helps groom employees for future leadership roles, fosters a culture of continuous learning and development, and ensures a smooth transition when key personnel leave their positions.
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