MHA 702 Chapter 10-12 Questions and Answers 100% Correct

MHA 702 Chapter 10-12 Questions and Answers 100% Correct A key difference between succession and career planning is the number of individuals involved in the future plan. True Succession planning is only useful for CEO positions. False Experts recommend that succession planning should begin four years before a CEO is expected to step down. True Grooming an internal person to take over has traditionally been considered a key element of notfor-profit sector succession planning. False Organizations that hire a CEO from the outside usually require six to 12 months before financial performance regains the level that existed prior to the replacement. True Feedback loops in succession planning are optional. False A successor should always be available, being groomed and ready to step in. True Succession planning should begin to identify a successor shortly before the potential successor is set to take over to allow opportunities for significant developmental assignments. False A clear exit strategy should be developed for an outgoing CEO. True Developing a succession plan requires time and thought and is a daunting task. False