MHA 702 exam 4 Questions and
Answers|Latest Update
Succession planning - CORRECT ANSWER--useful for managerial positions
(CEO, COO etc)
-prepares single designated successor
-proactive approach to ensuring continuity of leadership
Career planning - CORRECT ANSWER--succession plans for middle managers
-focuses on many particular individuals
-prepares several candidates for a position
intent of succession planning - CORRECT ANSWER-HR process used to prepare
the organization for a strong leadership transition
How long do senior organizations leaders stay? - CORRECT ANSWER-Expected
to retire over 5 to 10 years
Organizations without succession plans - CORRECT ANSWER-Uneasiness is
intensified and negatively affect performance
Leaving development of future leaders to chance
,why do healthcare organization benefit more from effective succession plans? -
CORRECT ANSWER-they are usually complex and known to foster highly
political environments
CEO is responsible for - CORRECT ANSWER-Initiating succession planning
Organizations with succession plans - CORRECT ANSWER-More likely to have
smoother leadership transition
Board of directors is responsible for - CORRECT ANSWER-Appointing a
successor
three factors that motivate succesion planning - CORRECT ANSWER-1. presence
of CEO having had previous succession experience
2. having a person within the organization initiate and coordinate effort
3. recognition of benefits of succession plannning to organization
Succession planning should begin - CORRECT ANSWER-4 years prior to CEO
leaving; most organizations should begin process within 1 year of hiring a new
CEO
HR responsibility - CORRECT ANSWER-Managing succession planning process
Succession planning saves organizations - CORRECT ANSWER--Money
-Executive search fees eliminated
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
, -Maintains leadership continuity when inside person is promoted
Grooming an internal person - CORRECT ANSWER--key element of for-profit
succession planning
Financial gain of Hiring outside of an organization - CORRECT ANSWER--
requires 6-12 months before financial performance regains the level that existed
prior to replacement
5 principles to succession planning - CORRECT ANSWER-1. board-driven,
collaborative process
2. should be a continuing process; successor should be available at any given time
to step in
3. key leadership criteria must be defined; build feedback loop
4. bring leader in and right time; clear exit strategy should be developed
5. once transition has taken place, post succession assessment should be conducted
A continuous process - CORRECT ANSWER--succession planning must be
continuous
-successor should always be available
-significant development assignments can be arranged to ensure appropriate
experiences are encountered
Answers|Latest Update
Succession planning - CORRECT ANSWER--useful for managerial positions
(CEO, COO etc)
-prepares single designated successor
-proactive approach to ensuring continuity of leadership
Career planning - CORRECT ANSWER--succession plans for middle managers
-focuses on many particular individuals
-prepares several candidates for a position
intent of succession planning - CORRECT ANSWER-HR process used to prepare
the organization for a strong leadership transition
How long do senior organizations leaders stay? - CORRECT ANSWER-Expected
to retire over 5 to 10 years
Organizations without succession plans - CORRECT ANSWER-Uneasiness is
intensified and negatively affect performance
Leaving development of future leaders to chance
,why do healthcare organization benefit more from effective succession plans? -
CORRECT ANSWER-they are usually complex and known to foster highly
political environments
CEO is responsible for - CORRECT ANSWER-Initiating succession planning
Organizations with succession plans - CORRECT ANSWER-More likely to have
smoother leadership transition
Board of directors is responsible for - CORRECT ANSWER-Appointing a
successor
three factors that motivate succesion planning - CORRECT ANSWER-1. presence
of CEO having had previous succession experience
2. having a person within the organization initiate and coordinate effort
3. recognition of benefits of succession plannning to organization
Succession planning should begin - CORRECT ANSWER-4 years prior to CEO
leaving; most organizations should begin process within 1 year of hiring a new
CEO
HR responsibility - CORRECT ANSWER-Managing succession planning process
Succession planning saves organizations - CORRECT ANSWER--Money
-Executive search fees eliminated
COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED
, -Maintains leadership continuity when inside person is promoted
Grooming an internal person - CORRECT ANSWER--key element of for-profit
succession planning
Financial gain of Hiring outside of an organization - CORRECT ANSWER--
requires 6-12 months before financial performance regains the level that existed
prior to replacement
5 principles to succession planning - CORRECT ANSWER-1. board-driven,
collaborative process
2. should be a continuing process; successor should be available at any given time
to step in
3. key leadership criteria must be defined; build feedback loop
4. bring leader in and right time; clear exit strategy should be developed
5. once transition has taken place, post succession assessment should be conducted
A continuous process - CORRECT ANSWER--succession planning must be
continuous
-successor should always be available
-significant development assignments can be arranged to ensure appropriate
experiences are encountered
