succession planning
noun[U]
HR,WORKPLACE,MANAGEMENTukustheprocessoffindingsuitablepeopleandpreparingthem toreplaceimportantexecutivesin anorganizationwhen theseexecutivesleaveorretire:
Alackofsuccessionplanningis themainreasonso manyfamilybusinessesbreakdown.
succession plan
noun[C]
Thecompanyhas asuccessionplaninplacefor theretirementof thechairman.