Scenario: Your organization's CEO announces their retirement unexpectedly. How would you handle succession planning in this situation?
- Identify potential internal candidates for the CEO position
- Conduct a thorough external search for a new CEO
- Ignore succession planning until a new CEO is appointed
- Request the board of directors to appoint an interim CEO
Identifying potential internal candidates for the CEO position ensures a smooth transition and maintains organizational stability. It allows for the development of future leaders and minimizes disruption during the succession process.
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