Vital raw material called people: But why do many companies neglect succession management?

Abstract

As the reality dawns on more and more organizations that their cutting‐edge competitiveness is inextricably linked to the talents, knowledge, energy and enterprise of the people they employ, how many of them are doing enough to make sure they do not run short of that vital raw material? Too few seems to be the simple and honest answer. Strange, is it not, that both huge companies and small ones are pretty adept at making sure they have enough “stuff” to do what they do. So why is it that so many companies put so much effort into making sure they have a never‐ending supply of every essential item they need, bar these – key leaders and managers?

Citation

(2004), "Vital raw material called people: But why do many companies neglect succession management?", Human Resource Management International Digest, Vol. 12 No. 4, pp. 20-22. https://doi.org/10.1108/09670730410540068