Scenario: A major shift in market dynamics requires a restructuring of leadership positions. How would you adapt your succession planning strategy to accommodate these changes?
- Identify emerging leaders with skills suited to the new market dynamics
- Stick to the existing succession plan without modifications
- Promote individuals based solely on seniority
- Outsource leadership roles to external candidates
Identifying emerging leaders with skills suited to the new market dynamics ensures that the organization has the talent required to navigate the changing business landscape effectively. It allows for agility and flexibility in adapting to market shifts while maintaining a strong leadership pipeline.
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