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Succession planning is a vital element in the current scenario of tight managerial transition process in competitive business environments. Identifying and developing potential successors for key positions in an organizations through systematic evaluation process and training of competent employee for transition processes is fundamental for the success of every organization. Often time, the least qualified person or unprepared person to fill the vacant position takes over the leadership therebydoi:10.11648/j.ajmse.20180301.11 fatcat:fow4zeilrvb7fpehycjfijrxb4