Developing and identifying new leaders for a company or organization is widely considered as a process which often called succession. Succesion of leader begin when old leaders die or retire, and it usually aims for preventing a power vacuum or continuity of leadership. In an empire, succession planning is identical with that of order of succession, whereas in business it has a main purpose, that is, to choose the right individual who has potential to fill leadership positions. So it is quite crucial for every business development. Take this as a process of screening, in which a person will be prepared to assume the role of leadership as s/he become available.
If we take such term in a narrow understanding, there is key role namely “replacement planning” which become the essence of succession planning. Every business will through this process, so it is safe to assume that the planning is common under the very modern meaning of industrial society. There is a 5 step process in every replacement planning, including:
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