Succession management is one of the core processes in running a successful business. It is essential to executing strategy and sustaining performance over the long term. Ultimately, it is the responsibility of the CEO, supported by the Executive Team and HR, to ensure the mechanisms are in place to identify successors and replace key contributors and that those processes deliver the results the business needs. In this regard, succession management is far more than just an HR process.
The Gulf region is unique in terms of the articulation of a clear Human Resources strategy and skills plan, creating an opportunity for companies, and their HR Functions, operating in the region to connect their long-term resource planning and people development to these national strategies. As a result, HR’s role in the identification, development and succession of talent is critical to these national agendas. The Gulf states are pursuing national policies on economic and societal development that include the development of Human Resources, in terms of skills and capabilities to support economic growth in the region.
This republished report is an updated and adapted regional version of the Effective Succession Management research project.
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