Page 4 - Succession Planning
P. 4
Definitions Knowledge Management - “the development
of tools, process, systems, structures and
cultures explicitly to improve the creation,
sharing, and use of knowledge critical for
decision making” (Luthans, 2008).
Succession Planning - “identification and
development of potential successors for key
positions in an organization, through a
systematic evaluation process and training. It is
largely predictive in judging an individual for a
position he or she might never have been in”
(Succession Planning).
