Correct Answers
S
1. Succession -useful for managerial positions (CEO, COO etc)
plan- ning -prepares single designated successor
-proactive approach to ensuring continuity of leadership
2. Career planning -succession plans for middle managers
-focuses on many particular individuals
-prepares several candidates for a position
3. intent of for
succes- sion
planning 8. Organizations with succession plans
4. How long do
senior
organi-
zations
leaders
stay?
5. Organizations
without
succession
plans
6. why do
health- care
organi- zation
benefit more
from effec- tive
succession
plans?
7. CEO is
responsi- ble
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, MHA 702 exam 4 Questions With All
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HR process used to prepare attect performance Leaving development of future
the organization for a strong leaders to chance
leadership transition
they are usually complex and known to foster highly political environments
Expected to retire over 5 to 10
years
Uneasiness
Initiating succession planning
is intensified
and
negatively More likely to have smoother leadership transition
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, MHA 702 exam 4 Questions With All
Correct Answers
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9. Board of Appointing a successor
direc- tors is
responsi- ble
for
10. three factors that 1. presence of CEO having had previous succession experience
motivate succe- 2. having a person within the organization initiate and coordinate ettort
sion 3. recognition of benefits of succession plannning to organization
planning
years prior to CEO leaving; most organizations should begin process within 1
11. Succession year of hiring a new CEO
plan- ning
should be-
gin
12. HR responsibility Managing succession planning process
13. Succession -Money
plan- ning -Executive search fees eliminated
saves orga-
-Maintains leadership continuity when inside person is promoted
nizations
-key element of for-profit succession planning
14. Grooming an
in- ternal
person -requires 6-12 months before financial performance regains the level that
15. Financial gain existed prior to replacement
of Hiring
outside of an
1. board-driven, collaborative process
organization
2. should be a continuing process; successor should be available at
16. 5 principles any given time to step in
to succession 3. key leadership criteria must be defined; build feedback loop
plan- ning 4. bring leader in and right time; clear exit strategy should be develope
5. once transition has taken place, post succession assessment
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, MHA 702 exam 4 Questions With All
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should be con- ducted
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