Succession planning, the process by which an organization makes sure that it will have the right leaders in the right place at the right time, has always been one of the most important accountabilities of the chief executives and top leaders of organizations. However, the importance of succession planning to business success has never been
Planning Fallacy Definition The planning fallacy refers to a specific form of optimistic bias wherein people underestimate the time that it will take to complete an upcoming task even though they are fully aware that similar tasks have taken longer in the past. An intriguing aspect of this phenomenon is that people simultaneously hold both
Career planning refers to the process of making educational and career choices based on knowledge of self and of the environment. The purpose of career planning is to encourage individuals to explore and gather information about various educational and career opportunities thus enabling them to develop realistic career goals. Career planning is an ongoing activity