Summary BUS FP4047 Assessment 6 1.docx BSN_FP4047 CAPELLA UNIVERISTY ASSESSMENT 6 Lets first define succession plan. Its the identification of job vacancies that can be expected to occur through retirement or attrition and the strategic consideration of w

BUS FP4047 Assessment 6 BSN_FP4047 CAPELLA UNIVERISTY ASSESSMENT 6 Lets first define succession plan. Its the identification of job vacancies that can be expected to occur through retirement or attrition and the strategic consideration of where and how internal candidates might fill those vacancies[ CITATION Lei18 l 1033 ]. Three strong candidates were interviewed and narrowed down to one that could replace Chuck. The best thing about internal employees they are fully aware of how the company operates and it should be easier to train someone. Succession planning from within helps promote strategic growth. You have the option to training someone from within and develop a clear career path. Someone may be in a lower position, but that doesnt mean they arent able to successful progress within the company. Promoting from within can help cut the cost of recruiting, training and so forth. A manger on a higher l