What process focuses on preparing future leadership in an organization?

Succession planning is a strategic process that ensures an organization has a pipeline of qualified individuals ready to step into leadership roles as they become available. This practice involves identifying and developing internal candidates who have the potential to fill key positions within the organization in the future. By fostering talent and preparing employees for advancement, succession planning helps maintain organizational stability and continuity, which is essential for long-term success.

This approach not only focuses on the immediate needs of the organization but also emphasizes the importance of leadership development and training that aligns with the organization's goals. Ensuring that there are capable leaders ready to take on responsibilities allows the organization to navigate transitions smoothly, reducing the risk associated with sudden vacancies in leadership positions.

The other processes, while valuable in their own right, serve different purposes. Training development focuses primarily on enhancing the skills of current employees without specifically targeting leadership preparation. Leadership assessment evaluates existing leaders but does not explicitly prepare future leaders. Goal setting is crucial for guiding the organization’s direction, but it is not specifically aimed at developing future leadership.