Succession planning is a process for identifying and developing prospective lead

Succession planning is a process for identifying and developing prospective leaders to replace leaders who leave, retire, or die. Succession planning increases the availability of experienced and capable employees who are prepared to assume new roles as they become available.
For this discussion, adhere to the FEM guidelines as you complete the following:
Examine the reasons a succession plan is important.
Analyze which employees should have a succession plan.
Identify when you should develop a succession plan.
Include one academic reference in your post. Use current APA style and formatting appropriate to the type of reference you provide.
Response GuidelinesRead and respond to your peers’ discussion posts according to FEM guidelines. Suggest additional reasons why a succession plan is important. You may also seek clarification or describe examples of related personal or work experience.
Learning ComponentsThis activity will help you achieve the following learning components:
Evaluate the needs of an intended audience.
Compare the requirements of a specific job to related skill sets