User Account

All Pages

Implementing a succession management process

Assignment Help HR Management
Reference no: EM132882522

This year, Jim Pender, the President and CEO of Stonewall Industries, is set to retire after 40 years of service with the company. The executives from the new parent company, US Corp, have absolutely no idea who should replace Pender as President. All of the current VPs have various strengths and weaknesses and no one on the team seems to be viewed as the heir apparent. The internal candidates for the position would be VP Manufacturing, McBain; VP Mining, Khan; VP HR, Byer; VP Finance, Ho; and VP Marketing, Krajevski. Jones, VP of the Plastics Division is not viewed as a candidate because he doesn't have gypsum wallboard experience. All of the candidates are viewed as 'competent' in their current roles. Byer and Ho are viewed as 'exceptional'.

Neither executive, however, has direct line management experience in the manufacture of gypsum wallboard. One of the key problems that the organization faces is that there is no formal performance management system in place, let alone a succession management process.

Your group has been hired as consultants to US Corp with the mandate to:

a. determine if there is a viable internal candidate for the President and CEO position within the Stonewall organization, and

b. develop and implement a succession management process so that Stonewall will not find itself in this position again.

Question

1. Outline the major benefits of implementing a succession management process.

Reference no: EM132882522

Questions Cloud

What is the one-year forward price : If the current price is $100 and the simple interest rate is 5% per annum, what is the one-year forward price F(0, 1) that rules out any arbitrage possibilities
What is the cost of sales in dollars using LIFO : During the month 22 units at 60 dollars each were purchased and 50 units were sold. Using periodic inventory procedures, what is the cost of sales in dollars
Prepare the perpetual inventory schedule for transaction : On June 1, Swifty sold 20 units, and on August 27, 40 more units. Prepare the perpetual inventory schedule for the above transaction using LIFO
Explain everything about forecasting and planning : Describe and explain everything about Forecasting and planning Describe everything about managing work flow
Implementing a succession management process : 1. Outline the major benefits of implementing a succession management process.
Prepare the journal entries to record income taxes : Assuming that it is more likely than not that $26,000 of the deferred tax asset will not be realized, prepare the journal entries to record income taxes
Are clinical practice guidelines used to address the problem : Are clinical practice guidelines used to address this problem? Why or why not? If used, provide a brief overview of the CPG. If a CPG is not used
Basic types of b2b transactions and activities : List and briefly describe the four basic types of B2B transactions and activities.
Evaluate the leadership and management skills : Evaluate the leadership and management skills necessary to implement a model of continuous change that facilitates organizational adaptation and ensures followe

Reviews

Write a Review

HR Management Questions & Answers

  Improve problem solving capabilities within organization

Types of teams as to their effectiveness that will improve problem solving capabilities within organizations.

  Influence tactics help in reducing organizations politics

Explain the different types of influence tactics that will be of a help “if adopted” in reducing the organizational politics.

  Report on citigroup''s hr service level agreement

Human Resources or Human Resource Management deals with HR Service Level Agreement. HR Service Level Agreement is an agreement made between the employer and the employee, which states that the employee would work under any client and sometimes any ti..

  A project report on hrm

Human Resource Management as the name suggests, it is a management discipline which deals with the human i.e. the workforce aspect of organizations. Need and practices of HRM are inevitable in present scenario of extreme competition where "Talent War..

  Hrp: recruitment and selection

Recruitment and Selection is the initial ladder of any Human Resource Planning process and contains an immense significance for any organisation.

  A project report on study of statutory complainces

Statutory compliance and its immense knowledge are crucial to be understood in an organization. It contains all the forms, procedures and acts applicable in a company.

  Operant conditioning and Reinforcement

Operant conditioning is a learning process where behaviour is controlled by its consequences. In this process an individual's behaviour can be modified through the use of positive or negative reinforcement.

  Effectiveness of training programs in achieving customers an

The main motive for conducting this research is to provide broad range of research of the literature and their reviews related to training and development and assisting the employees in providing customers satisfaction.

  A critical analysis of hr processes and practices in fedex c

FedEx is illustrious for its novel HR processes and practices that have greatly accounted for its success.

  Integrating culture and diversity in decision making

People in the organization are known as Google where they share common goals and have common vision.

  Impact of employee attrition on people management in organis

Talent management implies recognizing a person's inherent skills, traits, personality and offering him a matching job.

  Labour dissonance at maruti suzuki india limited: a case stu

This Case Study focuses on various issues related to Labour Unrest at Maruti Suzuki India Limited.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd